Postaus
alaya lilly
$BTC is showing an interesting divergence right now.
Taker demand is picking up. Institutional flows are strong. Downside hedging is easing.
Yet spot liquidity and on-chain activity remain weak.
That tells me that market isn’t ready for risk-on expansion yet.
At the same time nothing suggests a violent capitulation event in the near future.
It’s something quieter.
Demand is returning while the market is still largely asleep.
$BTC
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