Post #2953

Bitcoin’s price action is starting to look interesting again, despite the rebound back to 84K, the spot market hasn’t really shown up. Spot sellers are still dominating, and they didn’t contribute much to this bounce. Instead, it’s the futures market that has been driving the entire move. In fact, over the last two days, the heaviest selling pressure has come from Binance and Coinbase, yet even futures which led the pump are now showing early signs of fatigue. Even ETFs aren’t showing any real demand right now in fact, we’ve seen outflows over the last two days. So the big question is: How long can this rally continue without real spot demand stepping in?