BITMEX:XBTUSD   Bitcoin / US Dollar Perpetual Inverse Swap Contract
Bitcoin was in a period of distribution after hitting all time highs of around 20,000. After a 85% or so draw down smart money has accumulated at what seems to be exactly at the weekly MA Cross. fib targets are displayed and paint a picture for the next bull run. Also with more pressure to buy before halving the supply and demand factor of economics will come into play. Supposedly a whale did something opposite of the usual buy spot and short futures structure for miners, instead it seems he bought long futures and then market bought in the millions. This could inspire other whales to do the same or the same whale to repeat the successful strategy.
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