đ„ While crypto Twitter screams âsellâoff,â the real catalyst is quietly being set by Wall Streetâs newest playbook.
đ Morgan Stanley just launched a crypto desk on E*Trade at a razorâthin 50âŻbps fee, just weeks after its #Bitcoin #ETF debut, and the onâchain numbers are screaming âbuy.â #BTC exchangeâderived open interest sits at $7âŻB, funding is +0.0008% (longs paying shorts), and the long/short ratio is 3.32 with 76.8% longs â a classic sign of institutional conviction.
đĄ This convergence means the market is likely at the bottom of a shortâcover rally; oversold RSIâŻ22.4 and price hugging the lower Bollinger band set the stage for a swift upside as smart money steps in.
đ Keep a laser on the #funding metric for BTC this week; a flip to negative would confirm that the bearish pressure is evaporating.
â With Wall Street finally putting its money where the price is, are we about to watch the next three months rewrite the âcrypto winterâ narrative?
đ Morgan Stanley just launched a crypto desk on E*Trade at a razorâthin 50âŻbps fee, just weeks after its #Bitcoin #ETF debut, and the onâchain numbers are screaming âbuy.â #BTC exchangeâderived open interest sits at $7âŻB, funding is +0.0008% (longs paying shorts), and the long/short ratio is 3.32 with 76.8% longs â a classic sign of institutional conviction.
đĄ This convergence means the market is likely at the bottom of a shortâcover rally; oversold RSIâŻ22.4 and price hugging the lower Bollinger band set the stage for a swift upside as smart money steps in.
đ Keep a laser on the #funding metric for BTC this week; a flip to negative would confirm that the bearish pressure is evaporating.
â With Wall Street finally putting its money where the price is, are we about to watch the next three months rewrite the âcrypto winterâ narrative?
