The difference between the Coinbase Premium Index and the floor price is a positive. So we understand that they are going after the small players. I hope we will see an increase in demand. Open interest and price move together. I quickly showed that I expected an upward trend. We have been in an uptrend for a long time, but we are seeing a decrease in the funding rate. The fact that there are small pessimistic players is a positive for us. Therefore, I think that the price will first compensate for a decline and then initiate an upward trend. In short, I think the situation is probably good. A good promotion is coming. But remember to always act cautiously and manage your risks!
Bitcoin: Chase the small players and wait for the rise
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August 31, 2024
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