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Morning update:
We continue to consolidate near the trackline. This will likely trap more shorts for an impulsive move-up🤔 Things are looking good, suggesting the continuation of the rally👀$BTC
Low funding rate✅
Positive ETF flows✅
Positive Coinbase Premium✅
Historically low Exchange Reserves✅
@PointSticke this means that there are not a lot of coins on exchanges/for sale, which could trigger a supply shock and a rapid increase in price. Order books are also thin, further confirming the thesis.