Where is it more profitable for the market to go?
Based on analytics from Coinglass, we can see a clear picture of the market.
If Bitcoin falls to $50,000, the total volume of longs liquidations will not exceed $700 million. However, with a sharp rise to $61,000 per $BTC, shorts will be liquidated for ~$2.1 billion.
Unfortunately, this data will not tell the exact direction and time, but it clearly shows where it is more profitable for the market and market makers to go to get maximum profit
Team 🥷 Crypto Warriors$BTC