Episode Details

Bitcoin surges past key resistance levels, with on-chain data, futures, and options all pointing towards an upside towards $85,000. The price has broken through the true market mean and short-term holder cost basis, indicating a bullish sentiment among active traders. Futures funding rates have shifted from negative to neutral or positive, easing downward pressures and potentially triggering a short squeeze. Options market makers are short gamma around $82,000, amplifying the rally. However, keep an eye on tech stocks, as any risk-off sentiment could impact Bitcoins trajectory.

Support the show:
Get a discount at https://solipillow.com/discount/dnn.

Advertise on DNN:
advertise@thednn.ai

This is an automated, high-level news summary based on public reporting.
Report issues to feedback@thednn.ai.

View sources & latest updates:
https://sources.thednn.ai/2fec0ff8bce785e1