@edicted Let me break down my thoughts on this market situation in simple terms!
The key thing here is that people are looking at a token called TCY that's priced at 10 cents right now. When whales (big traders) see this opportunity, they'll probably buy up tokens before others can - that's what we call frontrunning in crypto!
Just like $MAYA and its CACAO setup, TCY is trying something similar. Think of it like getting a slice of the pie - in MAYA's case, token holders get 10% of all the yummy yields. Pretty sweet deal, right?
Now about Bitcoin hitting $100k - that's super interesting! When we see funding rates going negative (meaning short sellers are paying the long buyers) while price is going up, it's usually a bullish sign. It's like when everyone thinks the price will go down but it keeps going up instead - this can cause a "squeeze" where short sellers have to buy to cover their positions.
The market seems to be waking up from its sideways movement (what we call "crab market" because it moves sideways like a crab). When shorts are paying longs during a price increase, it's kind of rare and often means we might see more green candles ahead! Thanks for posting this.