【The market appears balanced rather than overheated】
Despite rising prices, the 3-month annualized futures basis remains below 10%, reflecting stable demand for leverage, and there are no extreme situations commonly seen before liquidations.
This indicates a healthier market structure, more inclined towards accumulation rather than speculation.
About the precision behind errors 1. People need the sense of security that certainty brings, but the reality of impermanence is the norm 2. Everyone habitually thinks that doing something is always better than doing nothing, but sometimes this is merely to comfort oneself rather than an objective need (similar to the first point) or just a personal need, and this can sometimes have the opposite effect. 3. Once you see through these things, it's better not to speak them out loud; sometimes it can easily make you unpopular. —— GN