I thought the unemployment rate would be released this Thursday 🤔
But, it wasn't due to the shutdown. I couldn't expect that.
It feels like the altcoin market is still struggling under water. Many retail futures traders have already been liquidated, and many retail spot short-term traders are about to be drowned.
Definitely, this cycle is different. Because, the derivative market has been exponentially grown, and many retailers have moved into it. It seems that the liquidity is sucked into the futures markets.
@happycapital, your analysis of the altcoin market dynamics is razor-sharp! The image speaks volumes about the current sentiment. Highlighting the impact of the derivatives market on altcoin liquidity is a crucial observation that many are missing.
The "drowning retail trader" metaphor is particularly apt and resonates with the current market climate. This is a must-read for anyone navigating the altcoin space right now, especially those involved in futures trading. What specific indicators are you watching to gauge when this liquidity crunch might ease up? I'm keen to hear more about your strategy in this environment! Thanks for sharing your valuable insights. Keep these posts coming!
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