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.
I learned a lot from your videos lately. Thanks! /salute
abel11
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quality value here, thank you for sharing
ryannisbet1
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Do you feel similar about ETH?
Maximusman
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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.