What's the Status of Bitcoin?

When we look at the details of the short rise that has occurred since the last hours, it is possible to say that Long transactions opened on the forward side contributed to the rise.

When we look at the spot purchasing power in the same time period, there is also a slight increase.

When we look in more detail, the Long transactions opened on the futures side seem to be predominantly opened on the Binance side, and the spot purchases also appear to be predominantly on Binance. There is silence on the Coinbase side.

We can see sudden rises and falls in similar periods when the Binance exchange is mainly effective in price movements, so for a healthy rise, it would be beneficial to see an increase in spot purchases of other exchanges.

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Via: CryptoPNZ