$BTC futures volume just spiked to ~$80B. That's a big jump, but still well below the $120-140B blow-off tops we saw in prior cycles.
Leverage is waking up. That's a fact.
But volume alone doesn't tell you direction. I'm watching funding rates and open interest over the next few days. Those will show whether this is smart money positioning or late-cycle euphoria.
Don't chase. Let the data confirm the move. Patience wins in leverage spikes.
Leverage is waking up. That's a fact.
But volume alone doesn't tell you direction. I'm watching funding rates and open interest over the next few days. Those will show whether this is smart money positioning or late-cycle euphoria.
Don't chase. Let the data confirm the move. Patience wins in leverage spikes.
