“The price rally has been exponential in Q1, and there are signs of exhaustion,” Singapore-based QCP Capital said in a Telegram broadcast Friday. “ETH risk reversals are skewed to the downside at -8%, indicating some fear. Funding and forwards remain very elevated, which means that speculators are still paying high prices to keep their leveraged longs.”
![Dogwifhat Becomes Third-Largest Meme Coin as Bitcoin Clings to K Dogwifhat Becomes Third-Largest Meme Coin as Bitcoin Clings to K](https://www.coindesk.com/resizer/dImTOR5Mz5cMkkxK2C5NmAcPU_o=/1200x628/center/middle/cloudfront-us-east-1.images.arcpublishing.com/coindesk/AHRVBRW5B5F4FK7AHW32U2FGVY.jpg)