I would advise every futures traders to stay away from any major trades for now, $BTC just did a random omega pump from 56k, where after a rebound to 57k, it was going to a slow reversal downwards.
I was seeing it live and the order book was crazy. Millions of dollars just going through in half a second. The pump happened in a single 1min candle, totally saving BTC from the slow decline and forcing it to 62k.
And remember we just had a dump from 61k to 48k. This market is not normal, there is something behind that we cannot see. Us retail are being fooled, I anticipated a zigzag but not this much. And it will just crash all of a sudden again, like last time.
I am not saying you should go all in short right now, I split short entry from 54k to 59k but not anything big. I am probably not going to add more, this market is not worth it.
Both longs and shorts are going to get wiped at this point. Also the legitimately of USDT is really concerning. They are giving money to private organizations and they have no audit to prove their 1:1 ratio of USDT:USD. And every time they send money market is always volatile. Coincidence?
