$BTC holding strong — no weakness yet.
A lot of folks are calling for a reversal, but every leg up is backed by both spot and perp buying. That's healthy.
What's even better: Spot CVD is climbing faster than perp CVD, meaning spot is leading this move. That's the kind of fuel you want.
Until that dynamic flips, I'm not looking for a reversal short-term. Let the structure break first.
A lot of folks are calling for a reversal, but every leg up is backed by both spot and perp buying. That's healthy.
What's even better: Spot CVD is climbing faster than perp CVD, meaning spot is leading this move. That's the kind of fuel you want.
Until that dynamic flips, I'm not looking for a reversal short-term. Let the structure break first.
