Bitcoin is preparing for a big drop
There is a steady increase in the net position for sale by large players, which may indicate an impending collapse in BTCUSD
Aug 2, 2021
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Summarizing the data of the COT (Commitments of Traders) report for the past Tuesday, we can note an increase in bearish trends for bitcoin.
Major players are increasing their sales by 32%, which is the highest level since the beginning of the summer. The bearish index of large speculators also rose.
At the same time, small speculators, on the contrary, increased their long positions, but this, as often happens, only plays into the hands of crypto whales. When the market falls, small investors will only accelerate the downtrend.
In the face of volatile markets, the best solution is to invest in algorithmic trading and take advantage of reliable trading robots.
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