Crypto’s Tightrope Act: Will It Be a Splash or a Splat?

According to a CryptoQuant report (because who doesn’t love a good report?), the market structure is about as clear as a mud puddle after a rainstorm. Exchange netflows have gone from “oh no” to “oh, hey, maybe?”-swinging from -1,275 BTC to +682 BTC and then +428 BTC. Translation: short-term sellers are dipping their toes back into the pool, but they’re still clutching their floaties. Meanwhile, open interest has ballooned from $21.22 billion to $22.60 billion, because derivatives traders are nothing if not optimistic-or masochistic. Take your pick.




