Greeks.live: Market Participants Cautious of Potential Volatility, Some Traders Strengthening Bearish Positions
Adam, Macro Researcher at Greeks.live, has released an English-language community briefing, in which he notes that the group's recent attitude has been generally bearish, with expectations that Bitcoin will rise to the $88-$90,000 range within 5-10 days, despite a slowdown in market activity. Some traders are strengthening bearish positions, while others are noting a disconnect between spot buying and futures shorting activity, suggesting that market participants are wary of potential volatility. An interesting observation is that the futures market is showing a lot of shorting activity while spot continues to be bought, creating a potential short squeeze situation.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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