Since markets tend to gravitate towards liquidity this trade idea is based on large Limit order shown on the Coinbase order book using Bookmap. This is the first decent amount of Bitcoin buy-side liquidity on the Coinbase order book in months. ~2000 
BTC in limit orders levels down to $30k. Hyblock liquidation levels showing $17bn+ of short liquidations, we might have a chance to spike liquidity and squeeze up to the $55k sell orders. This doesn't make sense in the Macro context, but the data and charts seem to support it as a possibility.
BTC in limit orders levels down to $30k. Hyblock liquidation levels showing $17bn+ of short liquidations, we might have a chance to spike liquidity and squeeze up to the $55k sell orders. This doesn't make sense in the Macro context, but the data and charts seem to support it as a possibility.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.