$BTC Let this be a lesson to you all.



We’ve had billions in liquidations, and BTC has dumped nearly -25% with barely a bounce.

Why?

Because perp volume has been carrying this range for a long time.

Without its delta, this range would have broken down long ago.

Any time perp volume is carrying the chart's stability instead of spot, that’s an early warning sign that the move is becoming untrustworthy.

Because if there’s no spot volume underneath, who absorbs the liquidations?

If the answer is more perps, then you already know the range’s eventual destiny.
BTC-1.84%
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 4
  • 2
  • Share
Comment
Add a comment
Add a comment
VineGeometry
· 2h ago
Next time I see perp volume taking the lead, I'll run first out of respect.
View OriginalReply0
NightTideShell
· 2h ago
Contract-driven market trends, liquidation is the end point
View OriginalReply0
GateUser-99725296
· 2h ago
Perpetual support is indeed fake; this liquidation has taught us a lesson.
View OriginalReply0
BlueGlassJelly
· 3h ago
Spot trading has no volume and is entirely dependent on contracts; it will collapse sooner or later.
View OriginalReply0
  • Pinned