Episode Details
Back to EpisodesThe May Rally Has Been Erased: Bitcoin Under Pressure From Spot and Futures
Episode 182
Published 4 months, 1 week ago
Description
Since the start of May, the market regime has completely reversed. What previously pushed price higher is now working against it. Two charts show how exchange outflows and short squeezes have been replaced by BTC inflows to exchanges and cascading long liquidations. Against this backdrop, price has pulled back from the May high toward the $70K zone.