It could be more days in range before actual spring, just to liquidate some high leveraged players.
Note
For the confirmation of bullish sentiment if we use cluster analysis, we could notice enormous amount of large volume clusters on 28 may which are seen on Binance Futures, but not on Binance spot. The volume of deals closed few days before is not comparable, so it is a sign of some large players fixing their shorts on liquidations to reaccumulate long position, possibly on spot.
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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.