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SaniaETH
Early this morning, I kept an eye on the market, and $BTC volatility suddenly picked up, hovering back and forth around the 65000 level. Positions were increased by 2.66%, and the ETF also saw a net inflow of over 100 million USD on Friday.
Both mainstream and altcoins are actually stirring beneath the surface. The altcoin season indicator on CoinMarketCap has climbed to 54, and trading volume on South Korea's Upbit has surged dramatically these past two days. It feels like funds are pulling out from Kospi and moving into the crypto space.
The Friday non-farm payroll data of -23,000 was really wild, directly pushing down rate hike expectations and bringing back rate cut trades. Liquidity has taken a short-term breather.
Now it depends on whether this momentum can ride the macro tailwind to extend the range further.
That said, there have been too many fake breakouts in this space. When it surges, don’t sleep too hard on leverage.


