With the recent uptrend in BTC price chart. I'm expecting a market dump and the reason i believe so is there are several indicators pointing that a dump is coming.
The market funding rate is highly negative. A reset is needed. the bitcoin greed index is now at 72. That's greed which also needs a reset.
There's a 25% decrease in the total crypto market capitalization which is to say that net outflow has decreased and no inflow is coming into the market right now.
All these are indication which has made me believe we expecting a dump soon for correction of price chart.
The market funding rate is highly negative. A reset is needed. the bitcoin greed index is now at 72. That's greed which also needs a reset.
There's a 25% decrease in the total crypto market capitalization which is to say that net outflow has decreased and no inflow is coming into the market right now.
All these are indication which has made me believe we expecting a dump soon for correction of price chart.