Twin Tulips X Web3 Protocol
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Bullish
$ETH DOWN $6B IN OPEN INTEREST SINCE THE LOCAL HIGHS — A -21% DECLINE VS JUST A -9% PRICE DROP.
THESE ARE THE KIND OF HEALTHY RESETS YOU WANT TO SEE IN A BIGGER TREND.
LONGS WERE OVERLEVERAGED — THEY JUST GOT FLUSHED.
MEANWHILE, $BTC LOST $5.8B (-13%) IN OPEN INTEREST WITH ONLY A -2% PRICE DIP.
LOTS OF POSITIONS HAVE EITHER TAKEN PROFIT OR BEEN CHOPPED OUT.
THE MARKET LOOKS WAY MORE HEALTHY THAN IT DID 1–2 WEEKS AGO.
BUT THIS DOESN’T MEAN WE GO UP IN A STRAIGHT LINE FROM HERE.
FROM NOW ON, IT’S ALL ABOUT SPOT BID.
• WATCH FOR SPOT PREMIUMS
• MONITOR ETF FLOWS
• TRACK TREASURY BUYING
THESE FACTORS WILL TELL YOU WHERE PRICE GOES NEXT.
THESE ARE THE KIND OF HEALTHY RESETS YOU WANT TO SEE IN A BIGGER TREND.
LONGS WERE OVERLEVERAGED — THEY JUST GOT FLUSHED.
MEANWHILE, $BTC LOST $5.8B (-13%) IN OPEN INTEREST WITH ONLY A -2% PRICE DIP.
LOTS OF POSITIONS HAVE EITHER TAKEN PROFIT OR BEEN CHOPPED OUT.
THE MARKET LOOKS WAY MORE HEALTHY THAN IT DID 1–2 WEEKS AGO.
BUT THIS DOESN’T MEAN WE GO UP IN A STRAIGHT LINE FROM HERE.
FROM NOW ON, IT’S ALL ABOUT SPOT BID.
• WATCH FOR SPOT PREMIUMS
• MONITOR ETF FLOWS
• TRACK TREASURY BUYING
THESE FACTORS WILL TELL YOU WHERE PRICE GOES NEXT.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.