Weekend Bitcoin squeeze coming?

More than 300 Million dollars worth of margin contracts have been opened on the BTC market during the weekend low-volume period.

Daytraders are again taking up positions with insane leverage on a weekend market. Business as usual.

Let's hope that most of these margin positions are shorts with high leverage and tight liquidation levels. I can not imagine a better fuel for an other leg up.

Binance Perp / Coinbase Spot difference is negative, meaning that the futures traders are positioning for a drop.

Onwards 🚀 #Bitcoin