Crypto Forex Trade... Bitcoin: BTC Whales Vs. Retail Traders (January 2020)

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Bitcoin: BTC Whales Vs. Retail Traders (January 2020)

Bitcoin could not make a decision over the weekend because it cannot make such a big move on its own. It has to rely on the outlook of larger markets on trading days to assume a definitive direction. At this point, it is mostly the whales and market makers deciding what happens next in the market. This is made further clear by a look at the commitment of traders (COT) report from Bitcoin CME Futures. We can see how the whales have been trading BTC/USD against retail traders. Some fund mangers have been trying to mimic the moves of these whales but it is the whales that make the most profitable traders. Interestingly, they are still net long on the market but all of that could change soon if they switch sides and decide to prey on the bulls.

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