This is what we want to see 👀

Throughout last week there was a shit ton of Spot buying.

Spot far outpaced perps for the first time in ages, with The CVD pushing to a HH.

-Price went up
-Spot CVD went up
-Perps stayed flat

We got a spike in perps on the weekend, but that becomes a non issue when we have so much spot buying fuelling the rally.

When we dont have any spot buying, and only perps fuelling the rally, we have a terrible foundation below the price levels.

This creates a house of cards style build that can flush hard at any given moment as traders stops get hit.

But when there has been a load of spot buying, there are nowhere near as many liquidations...

Meaning the flushes are far less.

The logical next step here is a retrace... this would be healthy and expected.

But bull market tings... we could just keep going!

Im not shorting here.

But, as always, it is best to be prepared for all scenarios.

Have as much exposure as you can, without being overinvested. And always have some stables to capitalise on dips and new opportunities.

GG chads.