Greed is stuck at 73. Exactly where it sat a week ago. Not rising, not fading, just parked.
Meanwhile BTC funding is 0.0062% per 8 hours. Longs are paying shorts basically pocket change. Nobody is levering into this move.
So the market feels greedy but positions nervous. $87K rejected three times since September 23, and traders are sitting in spot with one hand on the door. When sentiment and positioning disagree, I side with positioning.
Price has to either convince the sidelined longs (clear $87K with real volume) or shake out the greedy holders first. Until then, drift.
$BTC $ETH
Meanwhile BTC funding is 0.0062% per 8 hours. Longs are paying shorts basically pocket change. Nobody is levering into this move.
So the market feels greedy but positions nervous. $87K rejected three times since September 23, and traders are sitting in spot with one hand on the door. When sentiment and positioning disagree, I side with positioning.
Price has to either convince the sidelined longs (clear $87K with real volume) or shake out the greedy holders first. Until then, drift.
$BTC $ETH
