Glassnode just released their Weekly Market Pulse (Sept 28), and if you're trading this week, you need to see this.
Right now, the market is a battlefield:
đ Spot ETFs are seeing massive institutional inflows ($2.7B+).
đ But perpetual traders are aggressively selling into it (Perp CVD is deeply negative).
đ Meanwhile, the 14-day RSI just hit 70.4, flashing a clear overbought signal.
The data is showing a massive tug-of-war between smart institutional money and over-leveraged speculators.
Iâve spent the morning digging through all the on-chain metrics, funding rates, and options data.
In the next post, Iâll break down the exact 5-10 trades Iâm looking at this week based on this data.
Weâve got long setups, short setups, and some major macro plays.
Stay tuned. Itâs going to be a volatile week. đ§ đ $BTC $ETH $BNB
#BTC #Glassnode #Crypto
Right now, the market is a battlefield:
đ Spot ETFs are seeing massive institutional inflows ($2.7B+).
đ But perpetual traders are aggressively selling into it (Perp CVD is deeply negative).
đ Meanwhile, the 14-day RSI just hit 70.4, flashing a clear overbought signal.
The data is showing a massive tug-of-war between smart institutional money and over-leveraged speculators.
Iâve spent the morning digging through all the on-chain metrics, funding rates, and options data.
In the next post, Iâll break down the exact 5-10 trades Iâm looking at this week based on this data.
Weâve got long setups, short setups, and some major macro plays.
Stay tuned. Itâs going to be a volatile week. đ§ đ $BTC $ETH $BNB
#BTC #Glassnode #Crypto