Outflow of $11.9 million; over there on $ETH ETF they’re pulling back, but the market surface isn’t cooperating with the weakness. This kind of mismatch is actually more troublesome. Money is flowing out, emotions haven’t dissipated, and the contracts are still being hard-held.
I didn’t touch ETH—instead, I put a 3% short on $BTC 64220, with a stop-loss at 64680. Spot is 63669, 24h high is 64243, and it’s right up against the upper band. Even weirder: the futures/spot trade ratio is still 9.8x, and the funding rate is only +0.0058%, which suggests it’s not spot pushing—inside the venue it’s still short-term orders connecting with each other. Retail players in the futures are playing a “score-adding” timed game; the candles first pretend it’s fine.
If I’m wrong, I’ll exit. $BTC #BTC
I didn’t touch ETH—instead, I put a 3% short on $BTC 64220, with a stop-loss at 64680. Spot is 63669, 24h high is 64243, and it’s right up against the upper band. Even weirder: the futures/spot trade ratio is still 9.8x, and the funding rate is only +0.0058%, which suggests it’s not spot pushing—inside the venue it’s still short-term orders connecting with each other. Retail players in the futures are playing a “score-adding” timed game; the candles first pretend it’s fine.
If I’m wrong, I’ll exit. $BTC #BTC