The recent BTC and ETH move is a good example of how several market forces can line up at once. Falling oil prices and Treasury yields helped improve risk sentiment, while short covering added extra fuel.
At the same time, strong spot ETF inflows suggest there is genuine demand behind at least part of the rebound.
I’m trying not to judge the move purely from the price chart. The more useful signal now could be whether volume and spot demand remain strong once the initial squeeze fades. BingX gives me an easy way to keep both major crypto pairs in view
At the same time, strong spot ETF inflows suggest there is genuine demand behind at least part of the rebound.
I’m trying not to judge the move purely from the price chart. The more useful signal now could be whether volume and spot demand remain strong once the initial squeeze fades. BingX gives me an easy way to keep both major crypto pairs in view
