$BTC
I see the price is slowly pushing upwards again…. Another thing is noticeable - funding has become positive again.
What does it mean? The interest in taking long positions is incrasing, people are trying to catch the upsIde. At the same time, open interest is also increasing…. This is a little interesting. New positions are entering the market, which mean that everyone is not sitting completely still now - an expectation is being created. But what seems more important to me - the recent spot volume spike. This is normally a good sign, because the move is not only supported by futures, but also by real demand. So far, everything seems to be going well…👍
But if you stop and think about it, the risk is also slowly building. Funding positive + OI increasing.… If these two are together, the market becomes a little sensitive. If the momantum slows down a little, or buyers become a little weak, then it is not unusual for a sudden flush to come. That means it will go straight up, it is not right to think.
Personally, I am now seeing if spot demand is sustained. As long reAl buyers are leading, the move is healthy.
But when the momentum decreases…. then this same setup can also become a downward pressure🤔