A Hypothesis For A Bitcoin ‘Triple Top’ In 2021

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From sovereign wealth funds jumping in, to multiple Bitcoin ETFs in the works, there is a growing sense something important is going on and that perhaps mainstream adoption is just around the corner. There is so much to focus on out there but you only need to look at a couple of key market data points to see that bets are being placed on a big fundamental global shift to crypto. From sky high open-interest in the derivative markets and positive perpetual swap funding rates. Both showing strong long conviction and pent up demand which is imminently likely going to continue pushing prices higher. Pent up demand signal through higher and higher future open interest rates on all major crypto derivatives platforms. There is also undeniable on chain evidence that massive quantities of BTC are migrating away from exchanges into deep freeze, likely never to hit the open market again.…

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