BTC vs BTFNX LONGS, STABLECOIN DOMINANCE
Same behaviour to May 2021 dump, and many subsequent lower lows and shakouts, seems to me that market is expecting a rebound.
In contrast to March 2020, where we saw the same increase in stable dominance during a flight to safety - but longs were aggressively closed as price decreased instead of loading up.
Seems to be a serious loading up of risk for a short term move, when longs start selling off very aggressively during a bear market bounce I'll start to get a lot more bearish.
In contrast to March 2020, where we saw the same increase in stable dominance during a flight to safety - but longs were aggressively closed as price decreased instead of loading up.
Seems to be a serious loading up of risk for a short term move, when longs start selling off very aggressively during a bear market bounce I'll start to get a lot more bearish.
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