$BTC Derivatives still dictating price, NOT Spot Bitcoin

Apr 19

BTC & ETH look almost identical the last few days, that is pretty interesting.

However...

Stretch the chart out a bit and it is a very different story. #BTC outperformed #ETH by a decent amount.

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Both BTC showed upcoming weakness. However, Futures #BTC Money Flow went below 0 & stayed there. Spot recovered fast but #bitcoin went lower in April!

Now, we see Futures Money Flow gaining momentum again. Spot has been hanging around here for a bit.

Looks like derivatives are STILL dictating #bitcoin price action.