Bitcoin Rallied 300% Last Time This Signal Appeared. It Just Happened Again

After rallying as high as $10,400 earlier this week, Bitcoin plunged by nearly $2,000 in 24 hours on BitMEX. It was a move that liquidated over one hundred million worth of derivatives positions. Analysts were quick to respond to the move with expectations of downside in the crypto market. One trader shared that BTC’s price...