Crypto Dan
BTC - Reduced Selling Pressure of Futures Market
The amount of Bitcoin sent from the spot exchange to the derivatives exchange has been declining sharply since October. Since the June decline, this volume continued to increase, but Bitcoin kept the June low of $17,600 and now the volume is rapidly declining, reducing the possibility of strong selling pressure. Of course, futures are leading Bitcoin because of the high leverage ratio, but the point is that the selling pressure in the futures market is lowering. It's still too early to give up hopes for a year-end uptrend. Now, if you do a Bull perspective analysis, most people will refute it because of Macro. But it's worth watching the market a little more.