Oy vey! So, in December – a month traditionally reserved for sensible holiday shopping and avoiding financial ruin – these traders? They add another $2.4 billion in leverage! Despite trading volumes dropping faster than my mother-in-law’s patience. 🤔 Bitcoin and Ethereum futures went up, because, logic? Who needs logic when you’re a stubborn bull? Feh!
The futures markets, they swell up! Like a bad plate of gefilte fish! Open interest up 7 percent in Bitcoin and Ethereum, totaling a leverage increase to a whopping $35 to $38 billion. All while everyone’s kvetching about the doom and gloom. You call this smart investing? I call it a recipe for heartburn.
Source: CryptoQuant 🙄
Bitcoin gains? A mere $1 billion to $23 billion. Ether futures? A paltry $1.4 billion, crawling from $13 to $15 billion. Prices hanging around $88,000, and the Fear Index rests at a measly 27? This is supposed to be scary? My bubbe was scarier! And this happened while everyone was expecting a fire sale! Can you believe it?!
Fresh Money Flows Into Derivative Markets (Are They Insane?)
The CryptoQuant folks tell us $450 million in new leverage was piled on over the past week. Bitcoin positions increased 2 percent. Instead of running for the hills, these traders are doubling down, betting on a recovery while Twitter is busy declaring the apocalypse! It’s madness, I tell you, MADNESS! 🤪
Source: CryptoQuant 🤨
Binance, Bybit, and OKX are steadily accumulating… Gate.io was first to jump on the gravy train. No one is selling! Not a single major exchange is getting rid of risk. Not even a little bit! They’re all holding on for dear life. It’s like watching a group of clowns trying to juggle chainsaws.
The funds? Traders are paying a premium, naturally. Long books are calling the shots, short interest is taking a nap. Bulls are convinced. Convinced despite… well, everything. They are a tenacious bunch, these bulls. Stubborn, even. Like a landlord!
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Warning Signs Flash As Bulls Hold Ground (Oy, Gevalt!)
This whole thing goes against everything we know about market bottoms! Bottoms happen when leverage is cleared! A Fear Index of 27 and rising interest? Optimistic? Historically it takes a whole lot more despair to get a proper washout.
We haven’t even reached peak panic yet! December proved one thing: these people believe. They believe even without any proof. Open interest is up, but trading volume… down the drain! Scares me, folks, it really scares me.
Whales are dumping Bitcoin faster than I eat pastrami – 20,000 Bitcoin gone! Activity is down 40 percent! But the retail traders? They’re leveraging up! The smart money is fleeing! It’s a disaster in the making! Institutional wallets are thinning out, while the little guys are placing their bets. It’s backwards, I tell ya, backwards!
This mismatch is… unsettling. These bulls refuse to give up, even when the whole world is screaming at them to. Volumes are down, participation is dwindling. The next few weeks will tell us if this stubbornness is a stroke of genius… or colossal stupidity. And I’m putting my money on the latter. 💸
Funding rates are positive. Still paying to be bullish. Beginners luck. Sets the stage for unstable direction. Like a plate of spaghetti aimed at the ceiling. Expect a mess.
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2025-12-30 07:32