Dead cat bounce? Binance traders load accounts with BTC as Bitcoin rises to weekly highs.
The pair saw a fresh leg up during the weekend, this nonetheless coming on the back of thin, retail-driven"out-of-hours" liquidity with institutions out of the picture.Let's see how this one holds going into the weekly close tomorrowWith Bitcoin prone to"fakeout" moves both up and down in such conditions, there was thus little appetite to believe that current trajectory would endure as the weekly close loomed.
"Don't let CT noise change your vision of how things really are," popular social media account, Il Capo of Crypto,"Not worried about this scam pump. Still fully out of the market, soon you will see why." Also preparing to exit the market, it appeared, were traders, as major exchange Binance saw heightened inflows in the 24 hours to the time of writing., on July 17, inflows neared 17,500 BTC, the most on a single day since June 22.Nonetheless, some commentators remained upbeat on the short-term outlook. Cointelegraph contributor Michaël van de Poppe, who had called for $21,200 to break for upside to continue, got his wish as the market picked up overnight.
"Overall, strength is still there and I'm assuming further upside is happening. Crucial barrier for now; $21K," he had
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