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We have a very healthy move happening here.
1. Price up
2. Spot buying pushing it
3. Open interest down
4. Funding deep negative
5. Coinbase premium green
I have also highlighted a move up that happened before, and you can see the differences.
This is a very healthy bottom and push higher.
Of course, we could still get some chop and take some liquidity below...
But lots of genuine demand after that Iran warn capitulation drop.
Everything is looking good for a March push higher.