$2.3T MARKET CAP ONLY WITH 66K PRICE ????

Why this pump is definitely just bears paying the invoice

Everyone is celebrating $BTC climbing 4% to $66.4K. But it's essential to take a look at who is actually shopping for. We just noticed $515M liquidated in 24 hours. $187M of that was Bitcoin alone.

The key right here is the funding charges. They turned damaging just lately. Meaning the gang was shorting. As prices ticked up, those shorts have been pressured to buy back in to cowl their losses. This rally is essentially fueled by pressured closing, not just new capital flooding in.

We are again above the $2.3T complete market cap. The chart says we need to maintain $2.27T to have a shot at $2.4T. If we lose that flooring, the worry index (which hit 16) goes proper back down.

Do you trust a rally constructed on brief squeezes, or are you ready for spot quantity to verify the transfer?