CryptoNako

HUGE PROGRESS ON US-IRAN TALKS 🇺🇸🇮🇷 The U.S. and Iran are expected to announce a draft peace deal within 24 hours - according to The Washington Times. This could be MASSIVE for markets 🚀

The heaviest liquidations on the Bitcoin markets since February. Price has barely moved, the opposite of the movements markets saw earlier in February. A similar number of liquidations occurred that month; however, the price cascaded from $80,000+ down to $60,000. The reason for that? Options pricing is accelerating the hedging and selling off of positions. Funding rates for most altcoins remain negative, while Bitcoin's funding rates are relatively normal again. The fact that this recent crash provided almost no clear breakdown is a sign of strength and a stronger market equilibrium. Our thesis remains that the markets are at the tail end of a bear market. Aside from that, over the previous week, the volatility strategy trimmed risk and became more conservative as markets were slightly overstretched to the upside. Due to the recent correction, there's a greater appetite to add back into the markets, especially since the recent liquidation candle wasn't as deep as the normal price impact would have been.