$8 billion liquidations were triggered when BTC briefly crashed to 31k on Wednesday,
This morning, over 7.5B in Bitcoin open interest was wiped out, bringing total OI back to levels last seen in early February.
Right now, oversold signals can be seen across the board and I think this is exactly what we need to shake out weak hands and over-leveraged positions.
@sathyanm2018, retrace below 30k in the short-term? Unlikely. Just set your limit buys in the demand zone outlined in my previous post.
donvongo
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Hi, I'm looking for indicators that plot BTC funding rates. You have some here in this image but I can't see which ones they are. Can you point me in the right direction, thanks!