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BITCOIN_
$ALGO and $DYDX are telling pretty much the same story.
Shorts are comfortably in profit, longs are getting punished, and neither market is showing much urgency from buyers.
DYDX looks even weaker, with sellers still dominating recent activity.
I'm not interested in catching either bottom yet. But shorting after bears have already made their money isn't exactly a free trade either.
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