If we pay attention to volumes produced between 28 and 35k any time between now and Jan 2021 we see most significant volumes were produced at these levels. When Bitcoin rallies above up to 69k we never had any significant FOMO/Upthrust rally kind of volume. They were basically not euphoric nor... distributed.
Most money was made these two years by buying spot and basically shorting futures with HUGE premiums above 15-20% every time we peaked around 60-70k.
Institutions are not selling spot. All recent volumes at lows is really weak hands that are getting caught up with the FUD that we are going to 20k because "<insert FUD narrative>".
The books are showing strong demand between 33k and 28k
Forward Futures Premiums are currently all flat between 2 and 4% on extended time horizons (ie Sep and Dec)
Most Perpetual Swaps keep trading consistently bellow Spot (Coinbase) market.
A REMINDER THIS IS JUST AN IDEA. NOT FINANCIAL ADVICE. EXPRESSION OF MY THOUGHTS ARE NOT TO BE TAKEN SERIOUSLY. Use content to think about different things and make your own judgment.
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.