So far this rally off the lows has all the makings of a healthy/sustainable one.
Shorts covering which is sending OI down a we rise but the rise is also backed by a strong spot bid, which seems to have caused spot premium to rise and funding to become increasingly negative off the lows.
As long as these conditions remain I think we probs keep climbing higher over the coming days.
This is the exact type of PA we would want to see if our most bullish scenario from my recent $BTC video update has a chance of playing out.
Recommend watching if you haven't yet (pinned tweet).

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Ho Chi Minh City is officially entering a new phase in its digital finance development strategy as the Ho Chi Minh City Digital Asset Investment Fund is launched with the ambition to reach a scale of 1 billion USD in subsequent phases...

Ho Chi Minh City launches a $1 billion Digital Asset Fund, aiming to become a "financial hub" for investors.

BitMEX co-founder Arthur Hayes publicly spoke to Multicoin Capital on the X platform [...]
The article, "Arthur Hayes Bets on Multicoin Founder: HYPE Will Outperform All Altcoin in Six Months with a $100,000 BET," was originally published on BlockTempo, the most influential blockchain ABMedia media.

Arthur Hayes challenges Multicoin founder: He bets 100,000 magnesium that HYPE will outperform all Altcoin within six months.

Original article | Odaily Odaily(@OdailyChina)
Author｜Azuma (@azuma_eth)
In 2014, CZ, who had only been exposed to the concept of cryptocurrency for a year, made the most daring investment of his life—selling his apartment in Shanghai and "All In" on about 1,500 BTC for a three-figure price. Twelve years later, if CZ had never sold, this investment would have brought in a substantial profit of hundreds of millions of dollars (peak return of about $189 million).
Compared to the later establishment of Bina...