BTC- Market structure overview (Long-term perspective!)
The long liquidation of nearly 1.2 billion yesterday has cut the OI on Bitmex by nearly half.
The bullish structure is broken, but the price managed to stay above the 3k low.
Is this the the moment of paradigm shift for Bitcoin? Will the Macro (Fed repo injection) have positive impact on BTC price?
How BTC price closes this week will have the tremendous impact on whether the mining remains profitable for most miners and if companies need to sell their BTC in order to keep the operation running.
Click the link below for more charts.
imgur.com/a/baFtN8P
The bullish structure is broken, but the price managed to stay above the 3k low.
Is this the the moment of paradigm shift for Bitcoin? Will the Macro (Fed repo injection) have positive impact on BTC price?
How BTC price closes this week will have the tremendous impact on whether the mining remains profitable for most miners and if companies need to sell their BTC in order to keep the operation running.
Click the link below for more charts.
imgur.com/a/baFtN8P
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