BytQuant

Orderbook indicates market may liquidate the longs first

Market may not want to pay for the longs by heading north just now. Therefore, since the orderbook shows higher transactional volume on longs as opposed to shorts, it may head south first to liquidate the longs before we can expect any rally of a kind. -First liquidate the longs in between 40 to 45K range price per BTC (south) -Second liquidate the shorts (north) = to be confirmed. Thank you