Thread by @InspoCrypto

🚨🚨 Update: Our hourly view is showing clearly what happend since yesterday. Our 30D average indicator (1) for whales ratio have started to rise close after our whales ratio (2) dumped hard again indicating that buy pressure should rise afterwards. They were

#BTC #ETH #XRP

preparing the dump with a rising price action. Afterwards we have started to dump again. Tonight we also have detected big positive netflows indicating big inflows to exchanges related to whales. Since this morning the 30D average whales ratio is declining. That would indicate

imo that we will fall a bit more, but if the whales ratio 30D average keeps declining we should lift up again a bit. Usually that takes some hours.

Our block view (very short-term) shows what happend before we have started to leave our 42.8k level. Whales ratio 30D (3) average

have started to lift up heading the top, we have started to fall even further in price (1) and the whales ratio 30D average has started to decline again. Like, dump preparation done. Interesting here is the detected netflows (2). Almost 6,000 #BTC netflow detected. That's

december like and not bullish at all imo.

Again I have detected $343m in #tether outflows from #Binance. Like everyday since weeks!

Option traders are now trading the 21Jan expiry ($470m volume), but the 28Jan ($1.9b volume) is based on volume still our milestone.

While our 21Jan expiry is showing a max pain of 43k the 28Jan expiry maintains its max pain of 48k. That looks still bullish to me.

However, we need to see what happens in the next days. The 28Jan expiry has received more volume related to 40k puts. That's on the other site not bullish at all! They have spent $26m in puts there. The highest detected call volume within 24h related

to our 28Jan is $20m at 45k. Indicating they are reducing their expectations. Nevertheless, the top traded instruments have generated low volume in the last 24h. So, no big moves here detected. Expiry volume is here key to classified the max pain as indicator or not. Imo the

28Jan max pain should be accurate.

Future leverage ratio keeps its level while funding rates lifting up now indicating a flip in sentiment at future traders. Would make sense as we are reaching almost oversold in hourly RSI and we have reached a big support area. Anyway,

Coinglass funding rates still negative, but lifting up. Confirms the chart above.

Our liquidation chart shows just some long liquidations. To trigger a long/short cascade we need a dynamic price action. At the moment we are noticing more slow dumps and fast pumps imo. Like they

try to trigger a liquidation wave of high leverage shorts. If so, that's bullish!

$SPX looks very bearish atm. However, we are reaching also here an oversold situation. So, I'm expecting a bounce in a range of 4645 - 4635. If so, #BTC could follow. I say "could" because #BTC

loves to follow down, but not necessarily upwards. 🙄 If $SPX loses this range only 4612 or 4594 can help here. If that happens #BTC sell pressure will rise and we will dump more.

$DXY has dump hard since Powells testify and has reached it's big support. The bounce looks here

solid. If it starts to pump hard soon, that will let $SPX and $NDX melt down, so also crypto. 😬

$NDX also reached a big support in yesterdays session. Even if we have some lower space related to RSI (hourly view), if it starts to retest its support, that could also generate

sell pressure.

#Bitfinex upper wall at 46.6k, lower wall 38.6k and below.
#Coinbase upper wall 48k, lower wall 40k and below.
#Binance upper wall 45k, lower wall 41k and below.
#FTX Perp upper wall 45.3k and above, lower wall 41.3k-41.6k and below.

Interesting to see some walls activities also by #Okex. Their walls are more bearish. They have started to limit the way up since we have started to dump at 44.4k yesterday. But the funniest chart of the day is #Kraken! 😂 Like saying, you can play above 40k, that's fine for us.

They have placed walls with several thousand #BTC between 37k - 40k. They will never do that imo, if they wouldn't expect a huge sell pressure. 🙄

So, based on my current analysis I think we will dump more heading 40k and stay there for a while until 28Jan. Volatility expected

in a range of 40k - 43k until 21Jan and start to lift up heading upper 40s until 28Jan. I'm not sure if I will short, but I'm sure I will long as soon as we reach 40k. That's part of my trading strategy. If we lift up back to 42.5k and above that would be a nice entry for a

low leverage short. 😜

As usual folks! Patience is key. Don't rush to any risky trades. Stay safe! As soon as I detect something useful I will let you know.

BTW the Dead Cross is hourly based. So, nothing big!! 😜

Everytime when exchange activity declines, activity outside of CEX rise and we dump afterwards. Interesting here is the timing. CEX activity rises after dumps (on dips), outside of CEX activity rises before dumps. Matches also with 10,000 - 10,000 #BTC entitiy balance reduction

in the daily view.