$PUMP showing relative strength to the rest the market
trending nicely after successful retest of HTF trend + support

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Author | Jeff Park (Chief Information Officer, Bitwise)
Compiled by Odaily Odaily(@OdailyChina)
Translator | Dingdang (@XiaMiPP)
Editor's Note: On February 5th, the cryptocurrency market experienced another sharp drop, with over $2.6 billion liquidated in 24 hours. Bitcoin briefly plummeted to $60,000, but the market seems to lack a clear consensus on the causes of this decline. Jeff Park, CIO of Bitwise, offers a new analytical framework from the perspective of options and hedging mechanisms. [...]

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The cryptocurrency’...

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Relative strength is the only thing worth respecting in this tape. Good spot 👀

D1 100 MA to crack
Would prefer a world where this shit dies forever but hey, not here to judge but press buttons