Weekend Bitcoin squeeze coming?
More than 300 Million dollars worth of margin contracts have been opened on the
BTC
market during the weekend low-volume period.
Daytraders are again taking up positions with insane leverage on a weekend market. Business as usual.
Let's hope that most of these margin positions are shorts with high leverage and tight liquidation levels. I can not imagine a better fuel for an other leg up.
Binance Perp / Coinbase Spot difference is negative, meaning that the futures traders are positioning for a drop.
Onwards 🚀 #Bitcoin
BTC
market during the weekend low-volume period. Daytraders are again taking up positions with insane leverage on a weekend market. Business as usual.
Let's hope that most of these margin positions are shorts with high leverage and tight liquidation levels. I can not imagine a better fuel for an other leg up.
Binance Perp / Coinbase Spot difference is negative, meaning that the futures traders are positioning for a drop.
Onwards 🚀 #Bitcoin