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twi : tocuee
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The biggest news in the market these days should be the FTX asset disposal and this week’s macro news super week (CPI unemployment rate inflation rate). From the perspective of the information itself, it is not good news for the extremely unsmooth market. The market needs to face FTX shitcoin head-on. Bags selling pressure and macro uncertainty
But the interesting and counter-intuitive thing happened unexpectedly.
1. Buying orders in $btc US time are ahead of the Asian and European markets, and the behavior of the US market is understood as leading behavior by the market (Figure 1)
2. After the market reached a price of about 25,600 last night, I don’t know why a large short order was closed in the market, causing the price to be quickly recovered after the pin was inserted (Figure 2). However, judging from the liquidation pool, around 24,000 has passed. A lot has been accumulated in these 3 months 🎣 (Picture 3)
So the question becomes, why is there a large short position closing at this position instead of the obvious answer: 24,000?
But the interesting and counter-intuitive thing happened unexpectedly.
1. Buying orders in $btc US time are ahead of the Asian and European markets, and the behavior of the US market is understood as leading behavior by the market (Figure 1)
2. After the market reached a price of about 25,600 last night, I don’t know why a large short order was closed in the market, causing the price to be quickly recovered after the pin was inserted (Figure 2). However, judging from the liquidation pool, around 24,000 has passed. A lot has been accumulated in these 3 months 🎣 (Picture 3)
So the question becomes, why is there a large short position closing at this position instead of the obvious answer: 24,000?
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