Trader Bullishness Score: 65 (-13.3% 24h Δ)
Let’s dive into the ct traders’ market outlook over the past 24h.
@SalsaTekila suggests a possible mini bear in the short term before a significant uptrend. “sounds like mini bear before send it turbo.”
@TraderKoz is eyeing a potential long position on $ETH, awaiting a sweep of Monday’s low for a clearer entry point. “Not convinced we get the entry but a sweep of Monday’s low is a no-brainer long on $ETH.”
@CryptoParadyme remains bullish as long as key levels hold, focusing on “spot and chill” and retaining a positive view towards market structure. “remaining bula as long as we’re above this.”
@Pentosh1 notes a positive sign for the market with stablecoins finally seeing a bump after a flat period, indicating increased activity. “Stablecoins after being flat for months have finally started to have a bump the last few weeks.”
@Bluntz_Capital sees the weakening of the dollar index (DXY) as a good sign for crypto and “risk on” assets, hinting at bullish conditions for the near future. “dxy has been getting torched all week… great for crypto and risk on imo.”
@RunnerXBT and @CryptoParadyme reflect on Grayscale’s fee decisions for its ETF, with a sense of disappointment and incredulity at their strategy. @RunnerXBT labels it as “retardio” while @CryptoParadyme can’t believe they “learned NOTHING.”
@Awawat_Trades observes that despite a large supply increase, prices have stayed stable, pointing to strong market resilience. “impressive that price maintained flat despite such a large supply increase.”
@CryptoParadyme touches on the speculative nature of ETH ETFs and the consensus trade that ETH will follow a similar playbook as BTC. “Consensus trade is ETH will be the same ETF playbook as BTC.”
@crypto_iso and others are critical of Grayscale’s approach to their Ethereum ETFs, positioning it as exploitative. “Man your fat ass is so damn greedy @BarrySilbert”
@CryptoKaleo takes a contrarian view, speculating that Ethereum might dip against BTC next week, with outperformance expected a few months later. “$ETH / $BTC… gonna be a contrarian here.”
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