Latest / Adler AM: Bitcoin Morning Brief
The rally off $60K: bullish taker demand is back, Funding Rate remains positive
The bounce off $60K is being driven by returning buyers, not a short squeeze. Taker Buy Sell Ratio closed above 1.0 in 8 of the last 10 days, while Funding Rate stayed positive for 10 straight days from June 6 to June 15. That means the rally is being supported by aggressive demand, but at the same time it shows that long leverage is starting to build up again.
The skinny
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