Same behaviour to May 2021 dump, and many subsequent lower lows and shakouts, seems to me that market is expecting a rebound.
In contrast to March 2020, where we saw the same increase in stable dominance during a flight to safety - but longs were aggressively closed as price decreased instead of loading up.
Seems to be a serious loading up of risk for a short...
In 2017 we saw a BTC peak at the midpoint of the FED tightening cycle, if it is to put in another top, we need to see it within the next 6 months before rates get too punitive on risk-on assets.
