Bitcoin and the crypto market have continued to recover since we last spoke, however, the pace of the gains is relatively slow so far.

BTC has taken the big losses in the Asia stock market well, while U.S. futures are up, which is good news for risk trades.

A number of Fed members are set to speak from Wednesday onwards, so we might be in for a few days of waiting before the rate cut narrative returns.

Plus, President Trump is set to announce a new Fed Governor after Kugler recently resigned.

Liquidations & Open Interest


The Liquidation data looks very promising today for Bitcoin, with the highest area of Liquidations according to Hyblockcapital sitting at 116,000 and 118,000.

Open Interest data shows the highest area of OI sits between 111,000 and 109,000, which could suggest a final low this week in this area.

According to data from Hyblockcapital a huge short bias is still in
play, and this has stayed almost the same between 112,000 and current levels.

The longer this remains the case the stronger the chance that we
continue to see $BTC head higher and tag the mentioned Liquidation targets.