Moon Mission
Dec 7, 2023
• 10
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Challenging the Accusations of Froth
Amidst the recent sharp rally in the crypto market, investors who weathered the prolonged bear market are understandably cautious, keeping a close watch for any signs of excess. Despite the violence in the most recent rally, we believe it's too early to declare the market as overbought. Our assessment is based on several factors:
Perpetual futures data indicates a relatively modest level of long speculation, especially when compared to the last cycle. This lack of aggressive long positioning suggests that the market's upward movement may not be as o...