Long Bitcoin as funding drops. 3 positive YFI signals .
$YFI $BTC - Viewbase, Nansen, Technical Roundup, Coinalyze, Uniwhales
Coinalyze - Bitcoin
Bitcoin aggregated predicted funding drops to .1, the lowest it’s been since 58k. Leveraged traders are elsewhere for the moment. So I go long at 61,500. Stop loss at 59000. Adding to an earlier trade at 56500.
Uniwhales Overview - Lots of tokens flowing out of exchanges ( bullish)
YFI - Signs of accumulation -
Nansen Token holders
Number of tokens on exchanges - Down from 6300 to 4,800 since January - Source: Viewbase. Has crept up on last few days though, and is extremely volatile, so I won’t margin trade this. It’s a longer term spot hold
Technical Roundup - Donalt/Cred see potential upside if momentum continues. From a recent newsletter. “The poster child of DeFi struggled to keep up with its DeFi peers in the past couple of months, but the BTC pair looks bouncy.” https://technicalroundup.com/media/site/3344717459-1617723235/april-1.pdf
Good Read on Potential upside for ETH from Arthur Hayes
https://cryptohayes.medium.com/yes-i-read-the-whitepaper-59cfa2ea9c2c