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Interesting figure of $BTC .
Speculators are net long on #Bitcoin.
Very similar to previous cases where we've seen the same before a big breakout in 2023.
Commercials' Net Position has been net short on the markets, which is the inverse of the speculators.
Now, this doesn't guarantee that we're going to be breaking upwards massively.
It does say that there's a significant chance for volatility, also knowing that we've been ranging in this area for two months and markets refused to fall down.
It would be more likely that we're seeing a break upwards to atleast $80-85K and need to see from there.
#GateLaunchesPreIPOS