The Kingfisher liquidation map:
-Two big spikes in Short sell off from 19.9K to 20.5K, and it's Degen traders with big leverage trying to time the inflation news and the impact it will have, I'm waiting for the Longs to be back strongly after we liquidated the shorts towards 20.5K before heading south to take the greatest liquidity via the Long liquidation peaks up to 13K.
- The funding rate is strongly positive but it is beginning to approach negative with more shorts than longs.
- The Long/Short Ratio indicator with more long and above 50% but they have just been rejected from 61.8%
- The funding rate continues to make higher low in an uptrend in divergence with the price in a downtrend.
The downtrend can continue but to see the reaction of the price at 19.9K and 20.5K if we come back above 20K.
https://coinalyze.net/snapshot/RrtKu5i6
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