#BTC Induced Buying

Price rises, and the bulls have already run away, it's strange
Weekly chart shows a golden cross below the water, still has some energy, the bull fee rate is around 10% annually, neither high nor low
Most likely a trap to lure more buyers, price increases, but long positions haven't increased and some have already exited, overall longs are still too heavy, it's almost time for a kill
Bear market fluctuations are just about using contracts to wash out liquidity repeatedly, once washed out sufficiently, it will move to the next level
Derivatives like contracts can be traded with less capital, allowing the main players' capital utilization to improve significantly, spot trading is hard to wash out, many are pretending to be dead, currently contract trading volume is ten times that of spot, our industry is truly a pure casino mode
If the price reaches over 80k, the probability is low; once it hits, many will start to unwind and run, the big players are not in the business of charity, these stubborn ones want to hold until the 50k or even 40k level to cut, and there are far fewer short positions above than below, aggressively pushing up isn't the most profitable move for the big players
In the short term, momentum still looks strong, funds have already diverged, just waiting for high sentiment and market divergence to align
In a bear market, continue to be bearish!