very high level, squeeze fuel spent and Spot demand drove the price however The Futures CVD collapsing while price rips is the single biggest red flag: perp traders are distributing into the spot-driven spike.
It would be interesting see BTCFi sector rotation happening here!! Putting BTC into productive utilization sounds interesting!!
However chasing here is risky!! I would wait for 20% pull back + followed by any catalysts!!
As of now it is just pumping on Squeeze fuel followed by FOMO!! Squeeze fuel likely ends on around 0.16!!!
It would be interesting see BTCFi sector rotation happening here!! Putting BTC into productive utilization sounds interesting!!
However chasing here is risky!! I would wait for 20% pull back + followed by any catalysts!!
As of now it is just pumping on Squeeze fuel followed by FOMO!! Squeeze fuel likely ends on around 0.16!!!