Prediction evidence

Ma

That Martini Guy ₿

@MartiniGuyYT

Bitcoin keeps pushing higher. The problem is that the volume still isn't convincing me. Spot volume dropped 11.75% over the last 24 hours. Futures volume only dropped 6.48%. That's not what you want to see if you're looking for a sustainable move higher. If real buyers were stepping in here, spot volume should be leading. Instead, derivatives are still doing most of the heavy lifting. When I look at the volume profile, I don't see aggressive spot demand chasing price. I see traders continuing to trade the move while conviction remains pretty limited. That's why I'm struggling to trust this rally. Could we still squeeze higher? Of course. Bitcoin has a habit of punishing people who get positioned too early. But if spot continues to fade while derivatives keep driving price, I think this move becomes increasingly vulnerable. The market keeps moving higher. The participation behind it isn't.