>Not only from a liquidity standpoint, but also a strength standpoint, If USD swaps are too high, there is a definite lack of power on the Bull side to make a strong pump. Buying alone can only get so far. Then margin must pile in to continue an up move, essentially 3.5x (regular buying + 2.5x margin) to break from a range. After that, the strength is gone. Since USD swaps are already at historically high levels, there may be a lack in that power. Plus, whales aren't out to make other's money, they are out to make others' money. A perfect setup right now would be to push back to 430, wash out longs as matt said, get high shorts, and push up. You then have shorts closing, longs with money to buy and normal market forces to help propel a 3rd wave to 550+.