A little more about onchain

First, the Funding rate has returned to the bottom (bottom frame), and the last time the current fd rate was in mid-late January, somewhere around 38-40k

Second, from the time $BTC was around 50-51k, around CVD perp (yellow arrow) continuously decreased -> many short positions were opened, with volume gradually increasing and after accumulation, the price rebounded. 73kx, up to now, only the spot's CVD is increasing, the rest are decreasing. That means newcomers, funds, and whales are all buying while the futures side is all short.

With the above viewpoint and with $BTC compressing, we can continue to expect that $BTC will break up and fly up.