+10K BTC arrived on the exchanges again today, big bearish signal, the market makers are ready to distribute towards the next support at $18,550 and $17,600.
The sellers are still there destroying every bullish hope and if fear sets in with strong shorts on the Long/Short ratio indicator, so at some point we will be short hunting towards 21.5K , but this is not the case for the moment with the Longs which are above 70.5% against 29.5% of Shorts, and it's also visible on the King Fisher map with a return of the large liquidation peaks of the Long to the south.
We are in the Weekend with a lot of traps, it's possible that we will have volatility but most weekends it's calm, if not after the opening of the S&P 500 on Tuesday who will decide the next direction of BTC because on Monday holidays in US so the stock market will be closed.
https://coinalyze.net/snapshot/XYRnDvhv
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