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Looking at possible retrace for bitcoin based on March futuresWhile spot/perps did not hit the holy $50000, many March futures did. Mostly complete list of exchanges that breached $50000: Deribit OKEx Huobi Binance FTX BitMEX Surprisingly, CME and Bakkt's March futures were unable to break over $50000. CME's June contract did, however. REASONING Futures play a huge role in leveraged trading. I have seen this happen with OKEx's quarterly contracts before. I don't expect a drop to doom, but I also do not expect bitcoin to rush into $50000 within the next few days. Invalidation if March futures run 50k again and bring spot/perps along with it. Unsure of short target, would likely be ideal to buy the dips.
FTX:BTCUSDShort
by NeoButane
5