🚨 One of the largest spot sales volumes in recent history is currently positioned at $100,000 on the Bitcoin book.

This is the level of selling pressure that can lead to a sell-the-news effect.

But many people who are afraid of executing these positions will end up doing badly.

Trying to hit local tops without the help of data to support the position can end up leaving many out.

Furthermore, the book is quite dynamic. In my view, this high volume of short positions is derived from algorithmic trading, offering resistance in a key region observed by the market.

Which would be quite curious if this were a manipulation movement forcing sold positions to the market, so that if the price approaches this region, the algorithmic limit orders are removed, and the price cuts directly through the region.