Funding Rates nearing negative territories on most exchanges.
The stage is all set.
$BTC $ETH

Over $13B in shorts will be liquidated if the price of $BTC goes up by ~10%.
This is the effect of range highs getting protected and it leads to MASSIVE breakout.
Shorts getting protected on the short-term means that the direction on the long-term is UP.

From nearing Extreme Greed territories just a week ago, the Fear & Greed Index is now nearing Fear territories. 👀

Liquidation Heatmap on $BTC:
Range highs are about to get protected once again, aren't they?

The RRP Facility is down over 50% today! 👀

Time to wake up from my coma on CT.
Over the last couple of days, the price of $BTC has done absolutely nothing, so no important updates were needed.
Until now.
We've just formed the same setup that lead to the short squeeze to $123,000.
The price going down, open-interest going up, while funding rates are nearing negative territories, signaling that there are more shorts than longs.
Correlating this with my overall thesis around range highs getting protected and the desire of market makers to leave as many people behind, so that they can use retail later to distribute in the coming weeks and

Liquidation Heatmap on $BTC:
Uncertainty season is mostly behind us now, mostly all macro data is out, the major earnings reports are out.
I think market makers will finally blow through all those shorts, soon.