More than 300 Million dollars worth of margin contracts have been opened on the 
BTC market during the weekend low-volume period.
Daytraders are again taking up positions with insane leverage on a weekend market. Business as usual.
Let's hope that most of these margin positions are shorts with high leverage and tight liquidation levels. I can not imagine a better fuel for an other leg up.
Binance Perp / Coinbase Spot difference is negative, meaning that the futures traders are positioning for a drop.
Onwards 🚀 #Bitcoin
BTC market during the weekend low-volume period. Daytraders are again taking up positions with insane leverage on a weekend market. Business as usual.
Let's hope that most of these margin positions are shorts with high leverage and tight liquidation levels. I can not imagine a better fuel for an other leg up.
Binance Perp / Coinbase Spot difference is negative, meaning that the futures traders are positioning for a drop.
Onwards 🚀 #Bitcoin
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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.