I think more people got liquidated going long during this small drop then we’re liquidated being short through the jump in price the other day. This shows that people are still taking ridiculous bets and have an over bullish view of the current market. Stop trading with leverage and start stacking unless you want to be left behind.
In the last 10 years, that I have been with the company
(Bitcoin). The most telltale sign of price upward movements is bitcoin moving back to the exchanges. Until we see the large volumes and these movements....plan on going sideways for a bit.
This says that it was true until Q1 2020, and at least partially wrong since then: