Meanwhile, what is Bitcoin doing?
-Small drop due to the surprise of the GDP data (Bitcoin falls less than the SP500).
-With each drop in BTC, the funding turns negative. Not by much, but it turns.
-All the lows are getting higher and higher.
Conclusions:
-Macro news affects BTC and that doesn't change.
-It is increasingly losing correlation with the SP500, especially with data that doesn't affect BTC.
-Higher lows + Negative funding with each drop.
I'm still not scared, and look at where we are in a good target zone to lateralize and pull back.
But someone keeps pushing the price.