Quote from: Faisal2202 on January 22, 2024, 08:42:20 PM

The data you have mentioned does tell us that they are future trades but it doesn't tell us which future trades, they might be short or long. What if the short trades are in a higher valuation than the long ones, then your prediction will not be completed. As we don't know people are either bullish or bearish with BTC price in the upcoming week. If you ask me what are my predictions on this, then I will say people are mostly bearish on this.

And I am also expecting more downtrends in the BTC price, this is due to the billions of cash inflow and outflow from BTC which have made it highly volatile than before. Which is just too risky for all of us, and I was reading a news 2 days ago that, ARK has moved there a lot of money from the Future ETF of BTC to their own Spot BTC ETF, knowing as parking the spot technique to save funds for liquidation which also tells us that market might be bullish in upcoming days, or it is already in bearish state because it is around $40k now at the time of writing.

This time is bearish for disbelievers and those who are thinking that their funds are losing and always thinking to see their portfolio Green which is not possible all the time well Those who really were looking for new opportunities of rebuying the assets for more accumulation so market is giving them a new fair chance to accumulte more at this low.

well, in my opinion, the market may go lower from present prices DYOR. So my suggestion is that, do some buying right now and save some funds for more lower price for more buying.