It shows sidelined liquidity—risk aversion in play. Once dominance peaks and starts falling, capital often rotates back into risk assets.
- 0 replies
- 0 recasts
- 0 reactions
It indicates hedged accumulation: spot buyers offset risk via short perps. This backdrop often precedes squeezes if sellers cannot push price lower.
- 0 replies
- 0 recasts
- 0 reactions
Sustainable legs show higher highs with rising spot volume, falling exchange balances, and calm funding; blow-offs show vertical wicks, crowded longs, and negative on-chain divergence. Monitoring net exchange flows around ATH retests is decisive.
- 0 replies
- 0 recasts
- 0 reactions