22 Apr 2024

The froth is over

The market looks a lot healthier following multiple liquidation cascades over the past two weeks. Is it time for lift-off now that the most aggressive leverage traders have packed in?
AOC Apr 23 Cover PNG
A healthier market
The market sentiment has become substantially less exuberant following the April 12-April 13 crash. Even though BTC climbed higher over the past week, it has not been accompanied by signs of traders aggressively re-entering with leverage. This is a welcoming signal for the market onwards, as it suggests an exhaustion from the froth witnessed in the past months.
The froth is over
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