Just one sentence about today’s market: BTC is lying there while altcoins throw a wild celebration.
BTC just keeps pacing in its usual spot all day. A whopping $12 billion has been dumped in—no clear direction at all. Ethereum is even lazier, drifting around within half a percent, just lying there.
In this kind of market, chasing the mainstream is only you paying trading fees to the exchanges.
The real show is in the alts.
$ZEC released nearly $4 billion today. The intraday swing was 26 points—from 1100 straight up to 1388—and it’s now consolidating around 1320. This isn’t even the most brutal part. The most brutal part is—after rallying like this, the funding rate is still negative.
Bears are hard-absorbing through the entire rally in a negative-funding environment. That’s basically putting a dumbbell on yourself. Every time the price rises one point, if you refuse to admit you’re wrong, you have to keep paying—pay until you finally admit it, or until you get liquidated. Surrendering positions are fuel for the move.
I called $LSK yesterday morning. Exact words: “Can’t be smashed; funding fees are still zero—wait for the second wave.” Today it ran 81 points and volume expanded to 1.3 billion. This move isn’t a god-tier setup—there’s only one logic: if it can’t be slammed, sooner or later someone will come to lift it.
Don’t touch anything like BR. It was halved yesterday and then jumped 157 points today. That’s a casino table, not a market.
The core for tonight into tomorrow is one thing: watch when ZEC’s funding rate finally turns positive. The shorts are bleeding window by window, settlement after settlement, until it flips. The day it flips is the day of surrender—panic selling will push the price to levels nobody dares to imagine. Everyone chasing higher and everyone stubbornly refusing to admit wrong will meet the same fate.
Some are eating 81 points; others are still waiting for a pullback. To the brothers waiting for a pullback—this market will remember you.
#crypto market
BTC just keeps pacing in its usual spot all day. A whopping $12 billion has been dumped in—no clear direction at all. Ethereum is even lazier, drifting around within half a percent, just lying there.
In this kind of market, chasing the mainstream is only you paying trading fees to the exchanges.
The real show is in the alts.
$ZEC released nearly $4 billion today. The intraday swing was 26 points—from 1100 straight up to 1388—and it’s now consolidating around 1320. This isn’t even the most brutal part. The most brutal part is—after rallying like this, the funding rate is still negative.
Bears are hard-absorbing through the entire rally in a negative-funding environment. That’s basically putting a dumbbell on yourself. Every time the price rises one point, if you refuse to admit you’re wrong, you have to keep paying—pay until you finally admit it, or until you get liquidated. Surrendering positions are fuel for the move.
I called $LSK yesterday morning. Exact words: “Can’t be smashed; funding fees are still zero—wait for the second wave.” Today it ran 81 points and volume expanded to 1.3 billion. This move isn’t a god-tier setup—there’s only one logic: if it can’t be slammed, sooner or later someone will come to lift it.
Don’t touch anything like BR. It was halved yesterday and then jumped 157 points today. That’s a casino table, not a market.
The core for tonight into tomorrow is one thing: watch when ZEC’s funding rate finally turns positive. The shorts are bleeding window by window, settlement after settlement, until it flips. The day it flips is the day of surrender—panic selling will push the price to levels nobody dares to imagine. Everyone chasing higher and everyone stubbornly refusing to admit wrong will meet the same fate.
Some are eating 81 points; others are still waiting for a pullback. To the brothers waiting for a pullback—this market will remember you.
#crypto market