REAL ALT SEASON Around the Corner, but first BTC
This is the BTC USD LONGS Open Interest Chart, you cannot trade it but it can act as an indicator to your overall thesis on the market.
It shows where Bitcoin has bottomed in the past, had its runs, and where ALTS tend to flourish (once BTC peaks, $ flows to ALTS)
Use it as info to support/counter your thesis, not as a trading tool.
My opinion is that we will eventually peak, LONGS will dump, meaning BTC price will pump.
Thoughts for now! Stay frosty friends.
Vatsik
It shows where Bitcoin has bottomed in the past, had its runs, and where ALTS tend to flourish (once BTC peaks, $ flows to ALTS)
Use it as info to support/counter your thesis, not as a trading tool.
My opinion is that we will eventually peak, LONGS will dump, meaning BTC price will pump.
Thoughts for now! Stay frosty friends.
Vatsik
Vatsik