Gold and Bitcoin aren’t in sync right now. Even so, the market is still betting on a move higher later; this kind of mismatch usually first goes after contract long positions.
$BTC spot $77364, 24h -3.43%. The high touched 81478 and then rolled back. The contract-to-spot trading volume ratio is 11.2x, and the funding rate is still +0.01%. I didn’t chase a short; I posted a buy at 76880 with a 4% position. If it breaks below 76450, I’ll stop out. The inflation headline has slowed the pace, but the long-term bulls haven’t let go. Let’s see who can’t hold on first. $BTC #Bitcoin
$BTC spot $77364, 24h -3.43%. The high touched 81478 and then rolled back. The contract-to-spot trading volume ratio is 11.2x, and the funding rate is still +0.01%. I didn’t chase a short; I posted a buy at 76880 with a 4% position. If it breaks below 76450, I’ll stop out. The inflation headline has slowed the pace, but the long-term bulls haven’t let go. Let’s see who can’t hold on first. $BTC #Bitcoin