The crypto party might be slowing down... and not everyone's ready for the hangover 🥶
According to Matrixport, both $BTC and $ETH are flashing overbought signals. Translation? A short-term pullback could be knocking at the door. Ethereum’s open interest just rocketed from $14B to $25B — a setup ripe for liquidations if prices wobble. 🔥
Summer’s usually chill in crypto, but this consolidation might come with a twist: heavy leverage, rising holding costs, and delayed U.S. policy updates are stirring the pot. Remember what happened last time ETH pumped this hard in spring? Yep — sideways chop followed. History might just rhyme. 📉📈
ETH is still flexing at $3.9K, up 61% in 30 days — but don’t get too comfy. With ETF flows strong and policy shifts like the “GENIUS Act” on the radar, we could see fireworks again soon 🎇
Agree or nah? Cooling or coiling up for a breakout? Drop your hot take below! 👇
