Thailand’s High Court gave $BTC a “property certificate,” but the market couldn’t care less.
It’s still at 80116 USDT, down 1.7% in 24 hours, and open interest hasn’t picked up either. The funding rate is 0.007%; both bulls and bears are sitting on their hands. Nobody’s rushing to open a position over this legal news.
Put simply, gaining legal recognition is a long-term development. Don’t expect it to drive prices up in the short term. This legal classification won’t bring in buyers overnight; right now, the market is focused only on macro factors and positioning.
Are you holding, have you gotten out, or are you waiting on the sidelines?
It’s still at 80116 USDT, down 1.7% in 24 hours, and open interest hasn’t picked up either. The funding rate is 0.007%; both bulls and bears are sitting on their hands. Nobody’s rushing to open a position over this legal news.
Put simply, gaining legal recognition is a long-term development. Don’t expect it to drive prices up in the short term. This legal classification won’t bring in buyers overnight; right now, the market is focused only on macro factors and positioning.
Are you holding, have you gotten out, or are you waiting on the sidelines?
