Bitcoin bounce was a question of time as a variety of market indicators screamed reversal
With the appearance of buying power, we saw a light short squeeze that caused the spike above $21,000 in just a day.Coinbase is one of the biggest Bitcoin trading platforms in the world and it usually reflects the intentions of retail traders around the industry. Recently, we saw a successful test of demand in the platform's orderbook, according to Will Clemente.
With the compositions of orders leaning toward bids, we can firmly say that the market is leaning toward recovery. The same goes for the funding rates as bears used to pay bulls for opening short orders.In the last few months, the dominance of the first cryptocurrency on the market was gradually decreasing as investors have not seen any reasons to provide inflows to Bitcoin while
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