Thread by @hyblockcapital

Coffee & Candlesticks - Edition 5

Please check out this week’s edition of our market insights and analysis using Hyblock.

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2/ Probability Histogram:

At the weekly open, for the 2nd week in a row, there was extreme behavior from whales. But this time, Whale long% (top trader positions) was extremely high. Since the weekly open, it has shifted to normal levels with price decreasing.

3/ Binance Top Trader Long % vs Global Long %:

Whales (top trader positions) are decreasing their long exposure, while retail (global accounts) has been steadily increasing their long exposure, especially during this recent price drop – perhaps trying to buy the dip?

4/ Top Trader Leverage

At the start of last week, top traders sharply increased the amount of leverage used in long positions, eventually exceeding the average leverage used in short positions. These leverage amounts have now converged and are again almost equal.

5/ Liquidations

There is a similar pattern with the liquidations levels where now the Cumulative liq level delta is close to 0, implying short term liquidity on Bybit is relatively equal on both sides.

6/ Market & Limit Order Average Size

In the last month, there have been periods of larger aggressive (market) sell orders coupled with a higher number of aggressive (market) buy orders → possible signs of whales selling and retail buying. A similar pattern emerging again.

7/ Open Interest

Average Open Interest (percentile) across the entire market is increasing at a significantly faster rate than #BTC price.

8/ Thank you for reading, stay tuned for video covering this soon.

See link for last week's video:

All above indicators can be found on: hyblockcapital.com