Bitcoin bulls need to chill now.
Since Trump's announcement of a major trade deal, OI is up $1.5B, while the funding rate has reached its highest level in 2 weeks.
Spot volume is declining too, which is a sign that people are getting too confident.
I'm not saying that there will be a major crash, but a quick flush is possible to punish the late bulls.
The good thing is that ETF inflows are still happening, which indicates institutions are bullish again.
