Institutional Crypto Research Written by Experts
February 28, 2024 | Read Online | 🚀 Panic – Bitcoin Goes Parabolic – What You MUST Consider NOW Institutional Crypto Research Written by Experts |
| | | 👇1-10) Bitcoin's funding rate exploded from 25% to 75% (annualized), even eclipsing the 66% reached the week ahead of the ETF approvals. Similarly, the funding rate for Ethereum peaked at 50% in January but climbed to 60% last night. Futures open interest increased by another $500m for Bitcoin to $15bn while Ethereum's open interest declined marginally by $-200m. | 👇2-10) Coinbase's three-hour outage spooked the market, and in crypto, an exchange outage is often the result of malpractice. In this case, it does not appear this way; instead, massive demand caused the system to overload. Bitcoin even took out our 63,000 target, which we had projected in October 2022 to occur in March 2024. | This signal was just triggered; what it means for Bitcoin. | | A few data points reveal how massive the day was: | | Subscribe to Premium Membership to read the rest. | Become a paying subscriber of Premium Membership to get access to this post and other subscriber-only content. | | A subscription gets you: | ✓ Receive concise, unrivalled informative crypto trading strategy reports (2-4x per week). | ✓ In just 10 paragraphs, unraveling the complexities and market structure of crypto and its dynamic landscape. | ✓ Insights into the intersection of crypto, regulations, macroeconomic trends, and policy shifts. | ✓ Apply to join subscriber ONLY Telegram Group. |
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