Technical analysis by panickyChile85473 about Symbol BTC on 2/11/2024

More than 300 Million dollars worth of margin contracts have been opened on the BTC market during the weekend low-volume period. Daytraders are again taking up positions with insane leverage on a weekend market. Business as usual. Let's hope that most of these margin positions are shorts with high leverage and tight liquidation levels. I can not imagine a better fuel for an other leg up. Binance Perp / Coinbase Spot difference is negative, meaning that the futures traders are positioning for a drop. Onwards 🚀 #Bitcoin