$BTC Bizarre this rally is 100% being spot driven (so far). Wouldn't fade the power of leverage here... Data is clear: avoid shorting for now. -2.31k btc ETF outflow today. Open interest has made a lower high, yet the price is significantly higher. Why? Because a lot of this open interest was short positions. Imagine if we got some leverage long momentum going... won't short here for now.
Share
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.