MED_TR
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Bearish
🔴🔴The drop that occurred was due to large quantities of Bitcoin being sold in the Spot market, likely by American market ETF funds.
🟩The futures market is currently resisting the sell-off by buying in futures.
What is happening now is that the spot market is selling while traders in the futures market with Long Positions are buying on leverage to maintain open positions and protect them from liquidation.
$ETH $XRP $SOL #BTCDipOrRebound #SBF1stTweetIn2Yrs #BybitSecurityBreach #BTC
🟩The futures market is currently resisting the sell-off by buying in futures.
What is happening now is that the spot market is selling while traders in the futures market with Long Positions are buying on leverage to maintain open positions and protect them from liquidation.
$ETH $XRP $SOL #BTCDipOrRebound #SBF1stTweetIn2Yrs #BybitSecurityBreach #BTC
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