Market analysis

Yello, ParadiseClub Members! 😎 Have you been keeping track of the latest trends in the Bitcoin market? Let’s dive into the recent developments:

💎Over the past 18 days, we’ve seen a resurgence in demand from Short-Term Holders (STH), even though the supply change oscillator is still in the negative zone. Supply growth has reached 15%, which breaks down to about 0.95% per day. Importantly, we’ve managed to neutralize the strong $BTC sell walls for the last 18 months in the Bitcoin market.

💎According to our ParadiseTeam Professional Traders, the long-term outlook for the Bitcoin market is promising. However, in the short term, we’ve hit new all-time highs in Bitcoin futures open interest. This brings two key points to consider; The increased leverage means a higher chance of volatile shake-outs, so be cautious. As Bitcoin continues to grow, the impact of these metrics will only get larger, simply due to the Bitcoin market scale. If you’re holding spot positions, be patient and avoid FOMO: pullbacks are likely to happen.

Stay focused, patient, and disciplined Paradisers🥂

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Crypto trading involves substantial risk and is not suitable for everyone. Nothing here is financial advice; it is education only. Never risk more than you can afford to lose.