People are entering, but the price is not growing. We see that in open interest rising again, the price is declining, and funding is not yet negative enough.
Right now, the 50 million to Tether treasury we wrote is in play.
To keep inflation under control, the Fed must take several actions. Simultaneously, so that there isn't a complete collapse of all markets, resulting in deflation. Another issue is that inflation normally declines 18 to 2 years after measures are implemented.
Patience has certainly paid off for now. With BTC's behaviour, ALTs setups are risky. According to the Fear & Greed index, markets are experiencing "severe fear." Many people are turning to stable coins as a result. Today's daily stable coin transfer volume reached $57 billion.