Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
⭐ Merited by JayJuanGee (1)
Well, the events described in this post произошли. happened. There was a short/long squeeze on the market and a further drop in prices below significant support levels:
Derivative markets contributed to the fall, namely option expiration, increased open interest, increased use of short leverage by traders, etc.
CoinShares recently released a report: https://medium.com/coinshares/volume-62-digital-asset-fund-flows-weekly-report-26c0440d598c
Over the past week, the outflow of funds continued and amounted to $73,000,000. This is the fifth consecutive week with an outflow of funds. In total, over 5 weeks, the outflow amounted to $532,000,000. There is an assumption that bearish sentiment is fading away and the market will soon be dominated by an influx of assets.
Last week there was $55,000,000 outflow from Bitcoin, and in 5 weeks the total outflow was $317,000,000.
Derivative markets contributed to the fall, namely option expiration, increased open interest, increased use of short leverage by traders, etc.
CoinShares recently released a report: https://medium.com/coinshares/volume-62-digital-asset-fund-flows-weekly-report-26c0440d598c
Over the past week, the outflow of funds continued and amounted to $73,000,000. This is the fifth consecutive week with an outflow of funds. In total, over 5 weeks, the outflow amounted to $532,000,000. There is an assumption that bearish sentiment is fading away and the market will soon be dominated by an influx of assets.
Last week there was $55,000,000 outflow from Bitcoin, and in 5 weeks the total outflow was $317,000,000.