My previous posts were just how I was bullish and would buy in the range selected. However I now believe the worst is behind us, we we are likely to grind up to all time highs.
I also believe we have recently bottomed.
Perp spot delta is back to negative levels. This is extremely uncommon in a bull market. There is significant spot interest as prices approach 60k. For the first time, buyers > sellers in this consolidation range as well. What is likely to happen, is sellers will sell into longer timeframe buyers, and once most of that is complete, we will recover fully.
I also believe we have recently bottomed.
Perp spot delta is back to negative levels. This is extremely uncommon in a bull market. There is significant spot interest as prices approach 60k. For the first time, buyers > sellers in this consolidation range as well. What is likely to happen, is sellers will sell into longer timeframe buyers, and once most of that is complete, we will recover fully.