No one is selling their corn in spot market meanwhile there are huge short positions in futures markets.
So when these leveraged positions starts to get wiped out, we moon😂🚀
It’s a simple strategy by Wall Street, you short the #bitcoin in futures, the market makers have to hedge their positions so they short the equivalent amount of it. Meanwhile large institutions keep on engulfing it in the spot market. Also in this process speculators and paper hands donate their #bitcoins to large institutions.
Just looked at order books of different exchanges. There are huge shorts in derivative markets near $70k-$73k range, meanwhile spot markets have thin line of sell order in the same range.
SO STAY HUMBLE AND KEEP DRAINING THOSE EXCHANGES 🫡
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Notes by Parasites_6102 | export