hi guys,
so i looked at btc/usd again, good thing first: price is up to 10k$ again, bulls are not dead yet.
BUT the big issue: maybe news related (keywords: SEC, bitmex, bitfinex, law, NYAG): the big exchanges bitmex and bitfinex lost a lot of traders, order books
are shrinking there, traders left, volumes are low.
why is this an issue for whales? because if they push the price above/below typical levels e.g. 9500, 10500 they can NOT, i repeat NOT cause large margin liqidations anymore.
so the markets gets a big boring for whala aka mr./mrs. scamwicks, they could leave now and cause even less volume .. crash?
lets give you an example: btc/usd 1h vol @ finex: 5k, was up to 30k not long ago.
let me know comments & thoughts!
so i looked at btc/usd again, good thing first: price is up to 10k$ again, bulls are not dead yet.
BUT the big issue: maybe news related (keywords: SEC, bitmex, bitfinex, law, NYAG): the big exchanges bitmex and bitfinex lost a lot of traders, order books
are shrinking there, traders left, volumes are low.
why is this an issue for whales? because if they push the price above/below typical levels e.g. 9500, 10500 they can NOT, i repeat NOT cause large margin liqidations anymore.
so the markets gets a big boring for whala aka mr./mrs. scamwicks, they could leave now and cause even less volume .. crash?
lets give you an example: btc/usd 1h vol @ finex: 5k, was up to 30k not long ago.
let me know comments & thoughts!
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.
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.