$BTC Perps are leading the move. Over the weekend, price has slowly been grinding higher. However, this move hasn’t been particularly well supported by spot demand. In fact, Spot CVD has started to weaken while price continues to climb. Meanwhile, Futures CVD has remained much stronger, suggesting that this move is mainly driven by new long positions being opened. That’s not exactly what you want to see. If spot selling starts to pick up while the move remains heavily perp-driven, BTC becomes much more vulnerable to a sharp pullback.
Max TradesShare
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.