Looking at futures open interest we can see a difference between the liquidation cascade from a few weeks ago compared to the events from earlier this week. The prior event was primarily driven by high OI, high funding, meaning there was a lot of leverage was in the market. Spot sold down enough to trigger stop/losses for traders and boom, initiated a cascade of liquidations that sharply drew down open interest. This recent sell-off seemed much more controlled, resembling risk-off behavior from traders/active managers driven by macro uncertainty.
This means spot is leading futures or there is strong demand to be positioned short on perpetual futures.
This means spot is leading futures or there is strong demand to be positioned short on perpetual futures.
Profit Executor
COTI 12H Retesting the resistance of a formation for sure before we send it again.
COTI UPDATE
COTI setup produced +155%. Fully out.
Profit Executor
XDC 12H Expecting a bullish structural pullback.
XDC 12H UPDATE
XDC bounced off and produced +35% profit.