BTC 79,000—trading volume hasn’t really dropped off. ETH 2,514 is just tagging along, but this rally is clearly not driven by it.
On-chain retail activity is already at the highest level in nearly two years. At this point, a small pullback actually looks more like rotation/turnover—some people are scared, and others step in. It seems like the bulls haven’t fully left yet.
But honestly, BTC has decoupled from the Nasdaq to this extent—historically, it has only happened twice. After this, BTC is likely to move with an independent trend.
Open interest is 47B. Funding rates are neutral to slightly bullish, and leverage hasn’t reached a crazy level. First, let’s see whether it can hold its ground—then whether there are takers on a pullback.
I’ll keep watching this one. Don’t rush.
On-chain retail activity is already at the highest level in nearly two years. At this point, a small pullback actually looks more like rotation/turnover—some people are scared, and others step in. It seems like the bulls haven’t fully left yet.
But honestly, BTC has decoupled from the Nasdaq to this extent—historically, it has only happened twice. After this, BTC is likely to move with an independent trend.
Open interest is 47B. Funding rates are neutral to slightly bullish, and leverage hasn’t reached a crazy level. First, let’s see whether it can hold its ground—then whether there are takers on a pullback.
I’ll keep watching this one. Don’t rush.