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I have to disagree on this,
Liquidity is a derivative of the interaction between:
Mostly Human traders & the markets, facilitated & operated by algorithms on behalf of Market Makers.
This interaction creates data, you can either acquire the data directly through a source you deem to be reliable & high enough resolution
Or, you can come to the conclusion on your own by understanding the interaction between Retail Traders & Market Makers.
All Humans react to emotion, this is why the markets are able to galvinize Retail into picking the wrong side
One side offers significantly higher returns, erecting greed among Human Traders to entice them to pick that side.
While the other side may offer more moderate returns, but is far more logical.
Most traders being human, react to fear, greed, and many other emotions, and through that psychological warfare..
They are manipulated into choosing the wrong side.
To conclude:
Yes, you can acquire reliable data regarding the liquidity in the markets
by interpreting the psychological reactions human traders experience observing & trading candlesticks. $BTC is above $41,000 🔼 Another prediction spot-on.
Last night, $BTC broke through the $40,000 resistance, successfully testing the 1 Fib ($41,180), trying to secure its position above right now. We saw the breakout was coming in advance, and we were prepared.
$BTC market cap has once again reached $800 billion, now ranking 10th among global assets, surpassing Warren Buffett's Berkshire Hathaway and Tesla.
What's next❓
While the market is somewhat overbought, the breakthrough of the 1 Fib generates a strong impulse, presenting an opportunity to reach $42,500 - $43,000 in the coming days.
💁🏻 Upon reaching these levels, I expect a brief accumulation period, allowing for volume buildup before a push higher, enabling the altcoin market to catch up with $BTC momentum. Bitcoin’s recent spike to nearly $42,000 led to over $200 million in liquidations, heavily impacting short traders.
Predictions suggest this surge could mark the beginning of a major bull run, influenced by factors like the 2024 Bitcoin halving and potential US BTC ETF approval.
Market trends show a rise in Bitcoin exchange netflows and open interest in futures and options, indicating possible increased volatility ahead.
Bitcoin’s impressive performance this year continues at full speed after its valuation surged to almost $42,000 (per CoinGecko’s data) a few hours ago. Somewhat expected, the price peak, last observed in the early spring of 2022, has severely affected short traders.
According to data presented by CoinGlass, the cryptocurrency liquidations in the past 24 hours equal over $200 million, with around 80% of that amount being short positions. Bitcoin trades comprised approximately $80 million of the total figure, whereas Ether followed second with $30 million.
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