chibces92edv
@freetaykx
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BTC's total futures open interest has officially stabilized at $35 billion!
But at the same time, the price has not yet reached 65,000. Compared with the previous price rebound level, it is indeed slightly different, which means that futures bulls seem to be more confident;
Futures open interest reaching a high level as prices rise is generally a disadvantage for bulls. After all, the heavier the car, the easier it is to wash the market;
But looking at ETH, you will find another situation!
ETH's total futures open interest is still at a relatively low level. In other words, not only is the price strong, but there is no strong demand for a callback at the futures level. It is a very healthy state;
From this perspective, the relative performance of ETH/BTC this week should be relatively strong, and the funds on the market seem to be finally willing to accept ETH, the prodigal son who has returned. 0 reply
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