Hello Cryptoamante, here I bring you a current curious fact about the situation of $BTC.
As you will see, BTC is in a downtrend, probably creating a range between 38500 - 40500.
Right now what can we expect from BTC?
Here I share a BTC settlement map of Perp Futures. 3 months, easy to interpret, what is above the price are liquidations of shorts, and below, liquidations of longs.
But on this map you see something unusual, something that makes you think that it is bad news for some and good news for others.
We can see an accumulation of Longs at 33900 (approx.) of more than 2 trillion dollars.
Normally when there is such an accumulation, the price usually goes to look for it, it would mean a BTC returning to 33k. But there is no need to panic and place a short position right now. It must be taken into account that it is a perspective over a long period (3 months).
We know that BTC is an asset with a great future, in case it reaches that point, do not be surprised that it can easily return to 40k the next day. So, plan your strategy well, don't let greed or fear win over you, and good luck on this path of trading!
