Spot trading is barely above 20 billion for $BTC , while futures have already surged to 23.4 billion. That contrast is honestly kind of shocking.
With 11.6x leveraged trading volume piled up here, yet the price is still stuck around 79,000, I really do think this level feels uncomfortable. 😅
Then another wealth legend about PONS pops up—turning a little over 5,000 dollars into 2.4 million. Who wouldn’t be tempted?
But honestly, stories like this are the easiest way to skew people’s emotions, making it feel like if you don’t get in now, you’ll miss out for a lifetime.
The problem is the broader market doesn’t have that easy upward vibe at all right now.
Funding rates are only +0.0048%, which means sentiment hasn’t gone completely wild, but there are already a lot of futures positions, like a room full of people all standing around waiting for someone else to move first.
My trader friend even said last night that what she fears most isn’t a high level, but a situation where things “still look okay, so everyone adds a bit of leverage.”
I was scrolling charts on the subway after work today and almost missed my stop. That’s exactly how it feels: it’s not that it can’t go up, it’s that chasing it feels nerve-racking.
So my position is very clear.
I’m not chasing PONS, since it’s already become a legend. As for $BTC , I’m leaning toward waiting and watching too. I’d rather let it show its direction a bit more clearly before deciding whether to get in.
The market changes its face faster than turning a page, so keep some position size in reserve. $BTC #Bitcoin
With 11.6x leveraged trading volume piled up here, yet the price is still stuck around 79,000, I really do think this level feels uncomfortable. 😅
Then another wealth legend about PONS pops up—turning a little over 5,000 dollars into 2.4 million. Who wouldn’t be tempted?
But honestly, stories like this are the easiest way to skew people’s emotions, making it feel like if you don’t get in now, you’ll miss out for a lifetime.
The problem is the broader market doesn’t have that easy upward vibe at all right now.
Funding rates are only +0.0048%, which means sentiment hasn’t gone completely wild, but there are already a lot of futures positions, like a room full of people all standing around waiting for someone else to move first.
My trader friend even said last night that what she fears most isn’t a high level, but a situation where things “still look okay, so everyone adds a bit of leverage.”
I was scrolling charts on the subway after work today and almost missed my stop. That’s exactly how it feels: it’s not that it can’t go up, it’s that chasing it feels nerve-racking.
So my position is very clear.
I’m not chasing PONS, since it’s already become a legend. As for $BTC , I’m leaning toward waiting and watching too. I’d rather let it show its direction a bit more clearly before deciding whether to get in.
The market changes its face faster than turning a page, so keep some position size in reserve. $BTC #Bitcoin