73.5% of BTC futures accounts are still long.
BTC just closed its fifth consecutive red week at $73.3k. Fear & Greed is 32. Funding is still positive at +0.006% per 8 hours, which means longs are paying shorts to keep holding.
That is not capitulation. Capitulation is negative funding with the same long ratio. When the crowd is long and paying to be long, nobody has been forced out yet.
Open interest also rose back to $7.43B from $7.15B yesterday. That is not new money arriving. That is trapped money averaging down.
$BTC
Are you still long, or already out?
BTC just closed its fifth consecutive red week at $73.3k. Fear & Greed is 32. Funding is still positive at +0.006% per 8 hours, which means longs are paying shorts to keep holding.
That is not capitulation. Capitulation is negative funding with the same long ratio. When the crowd is long and paying to be long, nobody has been forced out yet.
Open interest also rose back to $7.43B from $7.15B yesterday. That is not new money arriving. That is trapped money averaging down.
$BTC
Are you still long, or already out?