aytekin466
No big drawdowns any more?
In this cycle, we saw a maximum 30% decline in Bitcoin's price, which is modest compared to previous cycles. This occurred in August during the so-called 'carry trade shock.' The most likely factor cooling down major shake-outs appears to be ETFs. Waiting for the next big correction to enter the market or add fresh capital might result in being late to the rally. On the other hand, being overly aggressive while the market is surging could be risky. So we better try to understand where we're now. 1.ETFs: Still showing strength, with Coinbase premium highly positive. 2.SOPR: Appears to have cooled down a bit, which seems healthy. 3.Funding Rate: Dropped after a sudden shake-out in Bitcoin's price on Thursday. 4.Miners: Don't appear to be in a rush to sell. 5.Stablecoin Flows to Spot Exchanges: Higher than they’ve been at any point this year. In conclusion, a correction could happen at any time without a specific reason, but the current situation doesn’t indicate a shift in momentum.