👥 Large and small investors actively increased their positions during the spring growth of bitcoin from the level of $73,000, but after overcoming the $100,000 mark, this trend weakened noticeably.
🪙 As bitcoin becomes a more mature and stable asset, investor expectations change - they no longer count on multiple growth in a short period. This, according to him, prompts some holders to reorient part of their capital to other assets.
📉 Bitcoin has surpassed the $100k mark and accumulation patterns have gradually begun to weaken.
🧑🚒 Amid the rapid growth of funding rates, cash and carry positions began to bring up to 30% per annum, which could prompt investors to reduce their bitcoin purchases and switch to less risky earning strategies.
📊 Cash and carry positions are usually understood as strategies in which an investor simultaneously opens long and short positions on the same asset in order to earn not on the rise or fall in price, but on the difference in profitability. For example, you can buy bitcoin on the spot market and sell it on the futures market with a contract with a high funding rate. As long as this rate remains positive, the trader receives income with virtually no risk of price changes.
