11.13 How fake is this market?
After Bitcoin broke through 90,000, the actual selling volume and the amount of shorting is 37 times that of the bulls. As a result, the market not only did not drop but continued to fluctuate. Everyone should ponder this carefully, and the exchange data shows that there is still a large amount of money trying to catch the top. Who are these investors?
Are they retail investors? Are they big players? Are they leveraged lenders? Are they so-called institutions?
Who would be foolish enough to try to catch the top at 90,000? Therefore, in the future market, everyone needs to think carefully and not follow the crowd. Otherwise, the previous intraday drop of over 80% will lead to chaos.
However, we also do not recommend holding short positions in Bitcoin, as we cannot be sure if it will crash directly. But we are very certain about Ethereum, this is a personal opinion, for reference only.
