Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
Description
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A close above the 50 day would be bullish for Bitcoin with rising 10 and 20 DMAs.
Volume has been below average 12 of the past 13 trading sessions with the only above average day being the Bitmex downtime squeeze. Classic melt-up behavior.
The ratio of longs to shorts on Bitfinex is 0.87 with shorts outpacing longs, meaning, still more room to squeeze higher.