Constructive Setup Holds Despite Today’s Perp-Driven Pullback
Dec 5, 2025
Discussed in today's video:
Positioning has reset materially with oversold BTC readings, capitulation in IBIT and MSTR, negative funding and declining open interest, improving U.S. spot demand, and early signs of a turn in ETF and stablecoin flow trends. Macro and liquidity conditions are shifting in a supportive direction as Fed net liquidity bottoms, high-yield spreads stabilize, the dollar weakens, and small-cap tech outperforms, creating a backdrop that historically favors BTC and strengthens the setup for ETH and alts if BTC can find buyers. Today’s drawdown was not concernin...