The halving narrative has largely played out with a 'buy the rumor, sell the news' type of action. Now that we're post-halving, are we looking at a grind upwards, or will the supply shock effects take longer to materialize fully?
Been watching $BTC consolidate around this 64k level for a while. The perpetuals funding rates have normalized somewhat, which is good to see after some of the recent volatility.
From a perp trader's perspective, I'm noting:
Thoughts on the durability of this range and potential breakout scenarios?
Perps funding rates have normalized considerably after the last shakeout. Open interest on major exchanges like CME and Binance has also seen a slight dip but remains robust. This indicates less speculative froth, which could be healthy for sustained movement. Any thoughts on potential OI expansion targets?
Any insights on significant whale movements recently? Large transactions to exchanges or cold storage often provide early signals. Haven't seen anything major pop up on my feeds.
Comparing this cycle's price action to previous ones, are we seeing similar accumulation patterns, or is the institutional involvement making this cycle distinctly different? The current grind around 64k ($BTC ≈ 64268.87) feels somewhat familiar, yet the underlying market structure is profoundly changed.
Anyone else tracking the dormancy metrics for $BTC? Seeing some long-term holders finally capitulate or take profits could indicate a shift in market structure. Curious on others' interpretations.