Bitcoin : le rally a-t-il des jambes ? - La Météo des Marchés
Welcome to the market weather report. Today, the focus will be on Bitcoin due to a recent rally over the weekend. Looking at the open interest, which is a key indicator, there's been a significant push on Okex. Okex is considered smart money in the crypto world, and their activity suggests they've fueled this derivative rally. We also need to check the spot market to get a complete picture.
Funding rates remain relatively low, not extremely negative, despite a widespread "extreme fear" sentiment across both traditional and crypto markets. This indicates a capitulation in the crypto market. The question now is whether this capitulation is sufficient to motivate new pumps or if these are merely spasms of a market lacking vitality for the time being. People don't seem overly excited by the current rally, and key players are still holding positions, not yet closing them, which could suggest further upside. Optimism in crypto tends to come quickly, but hope can be a "disease" in this ecosystem, often working against retail investors.
