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FUD, long liquidations, and a bounce.
What’s happening in the market?
Over the last two days we got a decent correction (−7.3%) with long liquidations, which, objectively, had been overdue for a while.
In practice, liquidity was swept below support and we returned to our range. Overall, though, most of yesterday’s pressure was on futures, and a divergence formed with spot, where there were actually buys and no comparable selling pressure.
Otherwise, nothing new
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