Crypto Dan
We might not got in the bottom yet
Even though many other indicators may tell us we are in the bottom, we should still be careful. High Leverage Ratio shows that Crpyto market is still moving by furtures market. From end of 2021, the Leverage Ratio keep rised for a certain period and then always fell sharply with BTC price down. This situation keep happening until recent days. Furthermore, Funding Rates are near "0". Usually, when BTC reached at the bottom, the funding rate drops and rises very sharply. That didn't happen at the recent low of $17,600. In addtion, we can't ignore about possibility for Recession from Liquidity supply perspective. Even if BTC may rise little more, we should also expect further BTC drop after that.