I closed all my Bitcoin trades because I am getting some very mixed signals. If the chance is 50-50 either way, it’s simply a waste of time to trade. I like to wait for edge to be in a position.

Bullish:

Open interest rose slightly into the uptrend
We still have the bullish moon from May 16th pushing for higher prices
Retail is buying lots of puts
Max pain moved down and is at 34k, above price.

Bearish:

Inside traders dumped stocks yesterday
There are more long position liquidations available than short position liquidations
A sizable amount of short liquidations took place while price rose (tends to lead to a reversal)

I am probably going to wait until I see what insider traders did for *today* to make another trade. Patience is a virtue.