๐ Bitcoinโs August rise revealed something different: the sellers funded the rally!
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๐ฐ It rose $BTC by 24.6% over 5 days, but open interest fell by 12.6%. According to Glassnode and Bybit, short positions accounted for 89% of every dollar liquidated, indicating that short-liquidation pressure was the main driver of the upmoveโnot a new wave of fresh buy bets.
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๐ Did you like the content? Like and follow
โฌก LEGENDARY_007 #LEGENDARY_007
$BTC
โโโโโโโ
๐ฐ It rose $BTC by 24.6% over 5 days, but open interest fell by 12.6%. According to Glassnode and Bybit, short positions accounted for 89% of every dollar liquidated, indicating that short-liquidation pressure was the main driver of the upmoveโnot a new wave of fresh buy bets.
โโโโโโโ
๐ Did you like the content? Like and follow
โฌก LEGENDARY_007 #LEGENDARY_007
$BTC
