Unusual Selling Activity
Bitcoin has quickly dropped below the $44k level for a few seconds. Thus filling in the previously analyzed imbalance and reacting correctly to the zone of low frequency activity that we showed you a few days ago.
This is the signal that we were looking for, the Bitcoin over-leveraged growth has come to an end with this macro manipulation event. Bitcoin order books are in a redistribution phase, we will wait for the situation to settle down before setting our macro bias again. However, it seems that it’s ready to keep growing in a healthy pace again.
Stay Spot, Stay Safe!
Bitcoin has quickly dropped below the $44k level for a few seconds. Thus filling in the previously analyzed imbalance and reacting correctly to the zone of low frequency activity that we showed you a few days ago.
This is the signal that we were looking for, the Bitcoin over-leveraged growth has come to an end with this macro manipulation event. Bitcoin order books are in a redistribution phase, we will wait for the situation to settle down before setting our macro bias again. However, it seems that it’s ready to keep growing in a healthy pace again.
Stay Spot, Stay Safe!
