The kind of uptrend that makes people feel secure is exactly what makes me feel uncomfortable.
News that this ETF has had 5 consecutive days of net inflows should, in theory, be very encouraging.
But now that $BTC is standing at 66420, I’m actually inclined to wait and watch instead of chasing.
It’s not because it’s not strong.
It’s because this strength is a bit “too smooth”—so smooth it feels like it’s gently coaxing your emotions up.
With the spot back at 6.64 million, there’s definitely money stepping in above.
But the contract trading volume is already 8.9 times that of the spot. That’s not just stability—it’s more like many people are using leverage to amplify their emotions.
Last night my trader friend even told me: the scariest part isn’t that nobody believes—it's when everyone starts thinking, “This time, it should be fine.”
Honestly, those words jolted me awake.
The ETF’s net inflows are $227 million, and the news backdrop looks great.
But the market’s high and low points have been rising from 64077 all the way to 66420—within 24 hours it’s already up 3.35%. At a time like this, if I chase, I’ll feel like I’m the one propping up other people’s emotions 😅
And the funding rate is still positive.
In an environment like this, the rise is genuinely rising—and squeezing is genuinely easy to trigger.
During the day I was drawing charts until my eyes ached. At night, back home, DouDou sat by the keyboard watching me adjust my stop-loss—my cat was even calmer than I was.
My own actions will be a bit more conservative: either wait for a pullback to get a more comfortable entry, or see if it goes a bit further before deciding.
I’m not bearish—I just think this position isn’t suitable for getting excited.
The market’s best trick is that moment when things look “safe.”
The market conditions are changing, and what’s true today might not hold for tomorrow. $BTC #Bitcoin
News that this ETF has had 5 consecutive days of net inflows should, in theory, be very encouraging.
But now that $BTC is standing at 66420, I’m actually inclined to wait and watch instead of chasing.
It’s not because it’s not strong.
It’s because this strength is a bit “too smooth”—so smooth it feels like it’s gently coaxing your emotions up.
With the spot back at 6.64 million, there’s definitely money stepping in above.
But the contract trading volume is already 8.9 times that of the spot. That’s not just stability—it’s more like many people are using leverage to amplify their emotions.
Last night my trader friend even told me: the scariest part isn’t that nobody believes—it's when everyone starts thinking, “This time, it should be fine.”
Honestly, those words jolted me awake.
The ETF’s net inflows are $227 million, and the news backdrop looks great.
But the market’s high and low points have been rising from 64077 all the way to 66420—within 24 hours it’s already up 3.35%. At a time like this, if I chase, I’ll feel like I’m the one propping up other people’s emotions 😅
And the funding rate is still positive.
In an environment like this, the rise is genuinely rising—and squeezing is genuinely easy to trigger.
During the day I was drawing charts until my eyes ached. At night, back home, DouDou sat by the keyboard watching me adjust my stop-loss—my cat was even calmer than I was.
My own actions will be a bit more conservative: either wait for a pullback to get a more comfortable entry, or see if it goes a bit further before deciding.
I’m not bearish—I just think this position isn’t suitable for getting excited.
The market’s best trick is that moment when things look “safe.”
The market conditions are changing, and what’s true today might not hold for tomorrow. $BTC #Bitcoin