$8B in Shorts Compared to $1B in Longs

1/ #BTC Open interest remains high. What's driving this? The short positions are getting greedy, with $8B in shorts compared to $1B in longs.

It looks like we need a further cooldown. I suspect we're seeing a repeat of the April-May pattern

2/ #BTC Liquidation Map. Who is getting liquidated first?

3/ #Bitcoin supply in profit has dipped to 76%, which typically signals a great buying opportunity. If you believe, like I do, that we're still in a bull market

4/ #Bitcoin long-term holders haven't signaled a sell yet.

The bull market remains active 🟢

Another retest is likely 🟡

Expect ongoing FUD news for a while 🔴

Written by elcryptotavo