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

Why this pump is definitely just bears paying the invoice

Everyone is celebrating $BTC climbing 4% to $66.4K. However that you must take a look at who is definitely buying. We just noticed $515M liquidated in 24 hours. $187M of that was Bitcoin alone.

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

We are again above the $2.3T complete market cap. The chart says we have to maintain $2.27T to have a shot at $2.4T. If we lose that flooring, the worry index (which hit 16) is going right back down.

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