What is driving the current rally? Spot or Derivatives?. Well, let us check. Derivative went up like hell while the price pushed up. As mentioned many times, you can't drive the spot price with futures.
#BTC #ETH #FSN #CHNG #XRP
#BTC #ETH #FSN #CHNG #XRP
Obvious you need to buy spot to support the futures to drive the spot price.
Spot was a driver between Jan 02 until Jan 11. Afterwards mainly futures.
Summary: If we take CVD as indicator as algos use market trades to complete their operations we can see, that since Jan 11
Spot was a driver between Jan 02 until Jan 11. Afterwards mainly futures.
Summary: If we take CVD as indicator as algos use market trades to complete their operations we can see, that since Jan 11
BTC futures with stablecoin colleteral increased by almost 240,000 BTC since then.
BTC futures with BTC colleteral increased since Jan 11 by almost $380M.
At the same time Spot with USDT and BUSD pair on Binance. Even with a limited skills it should be clear, what is driving
BTC futures with BTC colleteral increased since Jan 11 by almost $380M.
At the same time Spot with USDT and BUSD pair on Binance. Even with a limited skills it should be clear, what is driving
the market here.
Summary: BUSD was pushing up the price and supporting all these futures, while USDT was used to support the pumps driven by futures.
Facts with data. We know what happens with future driven rallies. 🤷♂️
Summary: BUSD was pushing up the price and supporting all these futures, while USDT was used to support the pumps driven by futures.
Facts with data. We know what happens with future driven rallies. 🤷♂️
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