🚨 Is Bitcoin about to surprise the majority of people?
According to K33, the present structure of the BTC market significantly differs from previous bear markets.
While a lot of traders are bracing for another significant downturn, various indicators imply that the opposite might actually be unfolding.
One of the most noteworthy signals is:
The funding rate $BTC over the past 30 days has remained negative for a continuous stretch of 81 days. 🤯
Historically, prolonged times filled with intense fear and negative sentiment have frequently been observed close to market lows rather than at the outset of severe downturns.
What sets this cycle apart is the absence of overheating.
There is a noticeable lack of euphoric excitement, excessive leverage, or extreme greed typically seen before a harsh market decline.
Instead, the current market sentiment appears to be cautious and filled with uncertainty.
Ironically, this pervasive fear could potentially serve as the very catalyst for the next substantial upward movement. 🚀
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