$BTC
Be careful with this dump.
This is no classic long squeeze.
Even though this move is also driven by spot selling aggressively, you can see that funding turned negative while Open Interest is surging, showing perp shorts are massively entering the market.
That is usually not what you want to see during a clean long squeeze.
As this move is happening right at the weekly open, I expect this just to be manipulation.
With this dump we already took out massive amounts of long liquidity and by looking at the data behind it, it looks we are close to a LTF bottom.
Be careful, because this move might get retraced soon. #BTC Price Analysis# #Bitcoin Price Prediction: What is Bitcoins next move?#
Be careful with this dump.
This is no classic long squeeze.
Even though this move is also driven by spot selling aggressively, you can see that funding turned negative while Open Interest is surging, showing perp shorts are massively entering the market.
That is usually not what you want to see during a clean long squeeze.
As this move is happening right at the weekly open, I expect this just to be manipulation.
With this dump we already took out massive amounts of long liquidity and by looking at the data behind it, it looks we are close to a LTF bottom.
Be careful, because this move might get retraced soon. #BTC Price Analysis# #Bitcoin Price Prediction: What is Bitcoins next move?#
