#onchain & #sentiment #analysis
#BTC #short_term
We are in a Manipulation Phase
As shown in the graph, during manipulation phases, the market often takes out all of the retailers' buy/sell stops in the futures market, resulting in massive liquidations in both directions.
Bitcoin established a higher high pattern (Yellow Pointer), a clear bull trap, followed by a market correction that liquidated many long positions. Furthermore, the same pattern is visible right now. The market has seen significant volatility in the last three days, resulting in the highest amount of long liquidations in the previous year. When the market suffers extreme volatility and enters a manipulation period, these moves are inevitable. During these market stages, risk management is essential.
by Greatest_Trader
