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I saw the crypto news today that Bitcoin is really in an interesting phase. The price is trying to move upward, but what’s surprising is that the futures market doesn’t seem to be very active. The futures premium compared to spot is only 1%, which is much lower than usual. Meanwhile, the spot ETF is attracting a lot of money. This could be a good sign because it means there isn’t excessive leverage long positions blocking the way.
Another thing to watch is the warning that short positions are still heavily accumulated. If Bitcoin moves up a little more, liquidations of shorts could push the price sharply higher. Currently, open interest is at its highest level, indicating that the crypto market is full of opportunities.
Regarding crypto news from the legal side, it seems that the next two weeks will be a critical period for the CLARITY Act in the U.S. If it passes, it could help bring more clarity to the market. That would be good news for everyone working in this industry.
As for XRP, the chart looks like it’s preparing for a big rally. The technical signals are all there: EMA crossover has occurred, and spot buying has returned to a positive trend. If the price can stay firmly above 1.40, a move toward 2.00 and beyond wouldn’t be surprising. The history of this coin shows that when these signals align, it often marks the start of a strong upward move.