Prediction evidence

Ma

That Martini Guy ₿

@MartiniGuyYT

One of the main reasons I shorted Bitcoin yesterday was volume. Right now, spot volume is sitting at $4.5 billion. Futures volume is sitting at $61 billion. That means spot volume is just 7.38% of futures volume. That's above the 30-day average of 6.12%, but it's still below the 10% level where I start paying much closer attention to the spot market. When I look at this move higher, the first thing that stands out is that the initial push was backed by both spot and futures volume. After that, spot volume dropped off. Futures volume didn't. Since then, leverage has continued driving the move while spot traders have largely been taking profit into it. For me, that's the interesting part. If Bitcoin is going to make a much larger move higher, I want to see stronger spot participation than what we're seeing right now.