An overview of what is happening in the crypto markets, summarised daily by Crypto Finance AG Senior Trader Patrick Heusser in the market commentary.
Here’s a little something about BTC$.
It looks like we have some selling pressure coming from Asia (Binance Spot is roughly 1,000 BTC on the offer up to 11.5k).
They have also been on the offer at around 11k (with roughly 2,000 BTC), but most of them pulled the offer when we traded through…
However, I do not see any buying pressure when looking at the bid side of the main exchanges’ order books. My best guess is that people are simply getting into positions with “market buy” orders.