$2.3T MARKET CAP ONLY WITH 66K PRICE ????

Why this pump is definitely simply bears paying the bill

Everyone seems to be celebrating $BTC climbing four% to $66.4K. However you must take a look at who is actually shopping for. We simply saw $515M liquidated in 24 hours. $187M of that was Bitcoin alone.

The important thing here is the funding charges. They turned destructive just lately. Meaning the gang was shorting. As prices ticked up, those shorts have been pressured to buy back in to cover their losses. This rally is essentially fueled by pressured closing, not just new capital flooding in.

We're back above the $2.3T complete market cap. The chart says we need to hold $2.27T to have a shot at $2.4T. If we lose that flooring, the worry index (which hit 16) goes right again down.

Do you belief a rally built on brief squeezes, or are you ready for spot volume to verify the move?