BTC Pullback Deep Analysis: The Game Secrets of Futures and Spot Trading
BTC price has fallen to 93,000, yet the total open interest in futures has not significantly declined, still firmly at a scale of 6.2 billion dollars.
What hidden secrets lie behind this?
Firstly, the futures camp has not significantly exited the market, clearly remaining confident and hopeful for future market trends;
Secondly, the main factor triggering the price pullback originates from the spot market.
During Monday's trading session, there was no large-scale buying operation in USD funds, which directly caused a gap in market demand, thus, just a slight increase in supply led to a noticeable price pullback.
If this trend continues to spread, then the initially small pullback may very likely evolve into a deeper correction. After all, the futures bulls have already positioned themselves, and the only key force that can support the price in the short term is the buying power of the spot market.
