$ETH open interest across all exchanges has just hit $21.2B | Cas Abbé on Binance Square

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$ETH  open interest across all exchanges has just hit $21.2B, the highest level ever recorded 
And even surpassing the 2021 bull run 🔥

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Money market funds net asset has hit a new ATH of $7.4 trillion. This is almost 2x the entire Crypto MCap. Right now, the majority of them are invested in T-bills. But what happens when interest rates go down? Yields on T-bills will decrease, thus making it a far less attractive investment. This is when this giant liquidity will start moving into stocks and crypto. So don't listen to permabears as we're going up only.

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$BTC is going to hit $135,000 in Q3. A strong weekly close above $107.7K was needed and it happened last week. After that, $BTC pumped $10,000 in just a week and still showing no signs of exhaustion. I think a rally to $120K, followed by some consolidation and then a pump to $135,000 is highly likely.

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