D7R

Bitcoin (BTC) • OKEX and Binance now trading above spot

COINBASE:BTCUSD   Bitcoin
Follow-up on my previous video. We end up having another leg up as Binance and OKEX perpetual swaps been trading bellow spot trying to frontrun the market. Now that we saw another $13M being added to liquidations books an perps trading above spot once again is making the correction more likely.

However we need to understand that we are currently in a spot-dominated market boosted by liquidity shortages on the supply side. As such even with perps trading above spot it can keep climbing up due to the frenetic demand coming from spot.


D7R
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