$BTC reveals mysterious funds of 200 million USD! Are the shorts going to be smashed?
In the past 12 hours, major funds have been frantically buying: purchasing 389 million USD, selling only 178 million, a net of 211 million real dollars entering the market, with a buy-sell ratio skyrocketing to 2.19:1! The most intense was a large order of 32.62 million USD on Binance Futures at 1:15 AM, which directly solidified the short-term bottom!
The technical side is also starting to make moves: although the price is still being pressured by the moving averages, the KDJ indicator has already crossed into a golden cross, coupled with a bottoming pattern, the rebound signals are becoming stronger! What’s even more bizarre is that trading volume has shrunk to a recent floor price, indicating that the market is holding back a big move, and a turnaround might happen in an instant!
If you ask me, the major funds are clearly bottom fishing, and this wave of decline might reverse! But don’t rush to throw in everything; the overhead resistance is still lurking, and whether it can break through depends on the bulls' subsequent firepower. Right now is the calm before the storm, so fasten your seatbelt!
Are you trapped? When to bottom fish? It’s still that saying, feeling lost and helpless not knowing what to do, click on the profile picture to comment. I need fans and you need references.
