Derivatives traders are paying 8.8% annualized to stay short $BTC. Meanwhile institutions just shoved $72,917.02 into spot ETFs in a single session. That's not a disagreement. That's a trap being set. Funding deeply negative. RSI at 61 with a fresh MACD crossover. No crowded longs above to unwind. Leverage fully reset. Spot demand represents real capital allocation. Shorts represent leveraged bets. When those two diverge, spot wins almost every time. Federal deficit came in worse than expected. Dollar still pinned near cycle lows. The macro case for hard assets keeps getting louder. I think BTC pushes through $73k next week. Path of maximum pain is higher when shorts are paying to hold against a wall of institutional buying. Who's fading this setup?
Share
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.