Bitcoin's funding rates just hit a 5-month peak. Meanwhile, open interest keeps climbing even as price keeps sliding lower. Meanwhile equities are going absolutely nuts.

Something doesn't quite add up here, does it?

Personally, I'm still holding my crypto bags. Mentally ringed-fenced them as swing plays stretching into February. A bit of volatility? Doesn't shake me. The liquidation maps tell an interesting story though—plenty of positions stacked at certain levels, which means the real moves might be waiting just around the corner.