The strangest part is that even though $BTC has been touching the 63000 level, the order book still doesn’t have that easygoing feeling of “finally, we’re out.”
After feeding the baby at around dawn, I took a quick look—spot is only 376 million, but the contracts have already been rolled up to 3.485 billion.
When you lay out the fact that it’s 9.3x, I really can’t quite hold it together.😅
To be honest, it’s not that this kind of rise can’t happen—it's just that it looks way too awkward.
Price is now around $63,349, and the 24-hour high is only about $63,500—basically not much farther from the high.
But the funding rate is only +0.0077%. It’s not like the whole market is going crazy. It feels more like a lot of people are propping it up with leverage, testing the upside hard.
So my stance in this piece is very clear: slightly watchful, not chasing.
This isn’t me being so bearish that I feel like I have to go slam into a short. It’s just that this position feels uncomfortable—like that stuffy feeling of the subway almost arriving but the doors keep not opening.🤧
If it really keeps going up, then we’d need to smooth out this awkwardness first. Then I’ll consider following.
Friends, it’s definitely a good thing that 63000 is back on its feet—but watching the process makes me uneasy. I’d rather miss out on a bit of profit than chase right when everyone else’s emotions are at their fullest.
The market flips faster than turning a page. Keep some dry powder.$BTC #BTC
After feeding the baby at around dawn, I took a quick look—spot is only 376 million, but the contracts have already been rolled up to 3.485 billion.
When you lay out the fact that it’s 9.3x, I really can’t quite hold it together.😅
To be honest, it’s not that this kind of rise can’t happen—it's just that it looks way too awkward.
Price is now around $63,349, and the 24-hour high is only about $63,500—basically not much farther from the high.
But the funding rate is only +0.0077%. It’s not like the whole market is going crazy. It feels more like a lot of people are propping it up with leverage, testing the upside hard.
So my stance in this piece is very clear: slightly watchful, not chasing.
This isn’t me being so bearish that I feel like I have to go slam into a short. It’s just that this position feels uncomfortable—like that stuffy feeling of the subway almost arriving but the doors keep not opening.🤧
If it really keeps going up, then we’d need to smooth out this awkwardness first. Then I’ll consider following.
Friends, it’s definitely a good thing that 63000 is back on its feet—but watching the process makes me uneasy. I’d rather miss out on a bit of profit than chase right when everyone else’s emotions are at their fullest.
The market flips faster than turning a page. Keep some dry powder.$BTC #BTC