$BTC is paying people to be long, which is not what you'd expect with the mood this warm.
Funding is negative at -0.0041%. Price is up 1.4% on the week, six and a half days on from the 82.5k low, sitting around 85.5k and a touch under the 87.2k high.
Fear and Greed at 73. Greed in the surveys, nobody crowded in the perps. That mismatch has been the story for a while now and it still hasn't resolved.
So nothing new from me today. A close through 87.2k would make me interested in pressing, a slide back to 82.5k would make me interested in the other direction. Neither is on offer in the middle.
A soft day inside a range is not information.
Which of those two levels do you think goes first?
Funding is negative at -0.0041%. Price is up 1.4% on the week, six and a half days on from the 82.5k low, sitting around 85.5k and a touch under the 87.2k high.
Fear and Greed at 73. Greed in the surveys, nobody crowded in the perps. That mismatch has been the story for a while now and it still hasn't resolved.
So nothing new from me today. A close through 87.2k would make me interested in pressing, a slide back to 82.5k would make me interested in the other direction. Neither is on offer in the middle.
A soft day inside a range is not information.
Which of those two levels do you think goes first?
