📈 The market is preparing for a powerful reversal

The total volume of stablecoins has reached a maximum of around $160 billion. This is fuel for future purchases.

The picture on the futures market is as follows:
• Open interest fell by more than 12% over the week, which means that excess leverage has been washed out, leaving behind stronger players.
• Funding for BTC is negative, meaning that most traders are in short positions and betting on further declines.

Historically, such phases have often marked the start of major rebounds: the market is cleared of overheated positions, there is liquidity in stablecoins, which means any positive news can trigger a rally.

Currently, BTC is trading around $92 thousand, but on-chain signals in favor of bears are noticeably fewer.