Looking back too much but it's quite accurate $BTC
You can see the weekly frame $BTC funding rate "I don't mention the day frame"
This article will also be a motivational article for steadfast holders.
In terms of the weekly frame, the funding rate of BTC is quite clear, this negative funding rate may only occur 1-2 times in a year. But each time funding occurs, the market, especially btc, is likely to explode afterwards.
- You can see the big wave on September 14, 2020, after which BTC increased x6 times, ALTs exploded x2 - x10
- The adjustment for a big wave of ALTs on June 21, 2021 when the weekly funding rate also returned to negative levels, after which BTC increased x2.5, many ALTs x10 x50 times.
- most recently 6/3/2023 and 18/9/2023 when $BTC fluctuated in the price range of 19kx - 25kx and sideways for a long time then increased x3 from this price range. ALTs increased x5 x10.
So many of you are drawing about the 40k 42k or even 33k area, you must be very bearish, I am still confident that ALTs will have another big wave, even 10 times bigger than the ALTs wave in 2023.
Whatever you say must have evidence and clear analysis, how many of you are waiting for BTC to return to <40k :v
Remember the old saying: #crypto long life is a legend
