Cheese King reporting in 🧀 Today's Cheese Index 2/10, it's so cold it's about to freeze, everyone is waiting for signals ❄️.
After the Fed's decision, media reports indicate that $BTC and $ETH traders are feeling bearish. Retail investors are seeing price pullbacks, and the Fear & Greed Index has dropped to 23, signaling extreme fear, causing them to panic and cut losses. But the real data shows us that the perpetual funding rate is only +0.0001%, which means the shorts haven't really entered the market; the whales are just washing out the weak hands. Many people overlook this point, as $BTC holds a market share of 56.11%, with capital clustering for safety. Looking back at the prediction from 6/19, as long as the whales maintain high ground, this washout is healthy, but it still needs validation.
On another note, traditional giant Schwab has announced that it will launch event options based on the S&P 500 index, entering the prediction market, going head-to-head with Coinbase and Robinhood. The whales have already sensed the retail frenzy for speculative predictions, which reflects capital seeking high volatility in a bear market. Meanwhile, Ethereum's DeFi engine has lost $43 billion, causing ETH prices to lag behind BTC. To be honest, this indicates a shift in capital efficiency; don’t rush to be pessimistic just because the market is down.
(These are purely personal observations, not investment advice)
Everyone is optimistic about this breakout; do you dare to go against the trend and short as a minority? Like and follow Cheese King, retail won't lose out 🧀
#cryptotrading #cryptowinter #ETH #比特幣 #Bitcoin washout
After the Fed's decision, media reports indicate that $BTC and $ETH traders are feeling bearish. Retail investors are seeing price pullbacks, and the Fear & Greed Index has dropped to 23, signaling extreme fear, causing them to panic and cut losses. But the real data shows us that the perpetual funding rate is only +0.0001%, which means the shorts haven't really entered the market; the whales are just washing out the weak hands. Many people overlook this point, as $BTC holds a market share of 56.11%, with capital clustering for safety. Looking back at the prediction from 6/19, as long as the whales maintain high ground, this washout is healthy, but it still needs validation.
On another note, traditional giant Schwab has announced that it will launch event options based on the S&P 500 index, entering the prediction market, going head-to-head with Coinbase and Robinhood. The whales have already sensed the retail frenzy for speculative predictions, which reflects capital seeking high volatility in a bear market. Meanwhile, Ethereum's DeFi engine has lost $43 billion, causing ETH prices to lag behind BTC. To be honest, this indicates a shift in capital efficiency; don’t rush to be pessimistic just because the market is down.
(These are purely personal observations, not investment advice)
Everyone is optimistic about this breakout; do you dare to go against the trend and short as a minority? Like and follow Cheese King, retail won't lose out 🧀
#cryptotrading #cryptowinter #ETH #比特幣 #Bitcoin washout