We’re now two weeks removed from the short squeeze rally that pushed BTC up 23% in 48 hours. Bitcoin has since shown resilience, holding the elevated levels amid rising oil prices and Treasury yields, while outperforming the Nasdaq and gold.
Meanwhile, Michael Saylor is back buying BTC. Lots of coins are switching hands at elevated cost-basis cohorts. And pockets of speculation continue to emerge onchain.
Are we in the 11th month of a bear market? Or the first month of a new bull market?
We explore in this week’s edition of TDR Pro.
Market Structure & Current Conditions Update
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