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D7R
Jan 7, 2021 5:45 PM

Bitcoin (BTC) • OKEX and Binance now trading above spot 

Bitcoin / United States DollarCoinbase

Description

Follow-up on my previous video. We end up having another leg up as Binance and OKEX perpetual swaps been trading bellow spot trying to frontrun the market. Now that we saw another 13M being added to liquidations books an perps trading above spot once again is making the correction more likely.

However we need to understand that we are currently in a spot-dominated market boosted by liquidity shortages on the supply side. As such even with perps trading above spot it can keep climbing up due to the frenetic demand coming from spot.

Comments
Shiningforce
I learned a lot from your videos lately. Thanks! /salute
abel11
quality value here, thank you for sharing
ryannisbet1
Do you feel similar about ETH?
Maximusman
Thanks for the update. A few believe we will hit somewhere between 60-70K in this run, if we go and stay above 40K on the 4-hourly. Will be interesting to see. Once BTC stretches she streches like a yoga princess.
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