Market Watch | Tonight, monitoring has reclassified $BATUSDT as being in the “pre-surge phase”: just +7% in 24h is relatively restrained, but it’s up +170% over 30 days, with a deeply negative funding rate of -0.115%.
But I have to question that—after such a massive 30-day run-up, is it really reasonable to label it “lying in wait”? For assets that are turning down from elevated levels, what looks like “stability” is often a bull trap near the end of a pump, not an accumulation phase. Best to steer clear; don’t be fooled by the stats.
#BTC
But I have to question that—after such a massive 30-day run-up, is it really reasonable to label it “lying in wait”? For assets that are turning down from elevated levels, what looks like “stability” is often a bull trap near the end of a pump, not an accumulation phase. Best to steer clear; don’t be fooled by the stats.
#BTC