$BCH FLOW ALERT: THE SQUEEZE IS OVER, NOW WHAT?
The CME futures news sent $BCH completely vertical, liquidating millions in shorts. We are now consolidating near $347, but you need to see what the flows are doing!
Leverage is Cashing Out: Futures are bleeding red. Over -$10.4M has exited on the 4H chart as late longs take profit and close their positions.
Spot Buyers Are Holding the Line: Here is the bullish part spot flows just turned GREEN on the 1-hour chart (+$437K). Real buyers are literally buying the dip from the margin traders who are selling.
The market is shaking out the over-leveraged traders right now. As long as spot continues to absorb this selling pressure, $BCH is building a massive new floor. Do not short into this spot strength!
#BCH
The CME futures news sent $BCH completely vertical, liquidating millions in shorts. We are now consolidating near $347, but you need to see what the flows are doing!
Leverage is Cashing Out: Futures are bleeding red. Over -$10.4M has exited on the 4H chart as late longs take profit and close their positions.
Spot Buyers Are Holding the Line: Here is the bullish part spot flows just turned GREEN on the 1-hour chart (+$437K). Real buyers are literally buying the dip from the margin traders who are selling.
The market is shaking out the over-leveraged traders right now. As long as spot continues to absorb this selling pressure, $BCH is building a massive new floor. Do not short into this spot strength!
#BCH
