$BTC has risen so strongly, while the Coinbase Premium Index has remained in negative territory for 20 consecutive days—does this indicate that major US buyers have not yet entered the market?

And it is not just the past 20 days; most of this year has been negative. This means the rise above 80,000 occurred without the participation of US spot investors and was supported by offshore and derivative instruments.

The good news is that leverage is declining: open interest fell 10% yesterday, and 90% of liquidations were long positions—leveraged traders, rather than spot investors, are being flushed out, so this pullback is even beneficial.

An additional 786 million USDC was issued in one day, with a net increase of 1.95 billion over the week. Stablecoins continue flowing into the pool. The Fear and Greed Index is 71, in the greed zone; sentiment has not died down.

Futures expire today. We are watching for now; the uptrend remains intact. For those without positions, I recommend taking a position of around 30%. I see a rise to 90,000.#GateBTCSpotVolumeRanksTop3 #BTCRetakes81K #GateIdleEarnAddsUSD1UpTo8.16APR #GateSquareMidAutumnReunion #USSeptemberCompositePMISurgesTo58.4