The easiest way to understand it is that there isn’t a healthy uptrend.


It broke out of the consolidation range yesterday, so it should have surged quickly.
But what we’re seeing is that the price is rising with great difficulty.
Then there can be only one reason: the market makers are distributing from the spot side.
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LidoWhale
· 2h ago
This surge upward really does look awkward—the volume can’t keep up. Most likely, the market maker is lifting the price while quietly offloading. Be careful of a pullback—don’t catch a falling knife.
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