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Anonymous 🌖 $UST Profile picture
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29 Oct, 5 tweets, 3 min read
Morning update:

Yesterday we first saw an encouraging bounce from the lows. Once we broke 60k traders started to open new leveraged positions and then a dump that liquidated roughly 400 million worth of longs in 10 minutes! Well played #BTC whales, well played!😂
The leverage ratio now saw a proper drop so I think the bull market can continue📈 #BTC
The president of El Salvador announced that they bought an additional 420 #BTC worth roughly $25 million. Savage move!😎
NYDIG in a partnership with Post Oak Motor Cars is bringing a unique opportunity to their customers. They will soon be able to buy luxury vehicles financed by Bitcoin while employees will be able to auto-convert their payroll to #BTC 🚀

Source:
prn.to/3BoyDW0
In terms of the on-chain data, not much has changed apart from the leverage ratio. The market still looks bullish to me!👀

P.S. #ETH just made a new All-time High🚀

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More from @crypto_mystery

Anonymous 🌖 $UST Profile picture
30 Oct
Morning update:

With #BTC hovering around $62k, let’s take a look at key on-chain indicators. First of all, the exchange reserves. While different platforms provide slightly different data, it is obvious that we are currently at the lowest levels seen during this bull market👀 Image
This is extremely bullish and signals that supply shock can kick in anytime. Since the supply is much lower than it was at the previous parabolic run, this means that things could get even wilder😉 #BTC
Looking at #Ethereum exchange reserves, things are not much different!🤑 Image
Read 10 tweets
Anonymous 🌖 $UST Profile picture
28 Oct
Morning update:

Not much has changed, #BTC continues to trade sideways after the initial bounce from the support at $58k. In my opinion, the bounce was too weak and we will see more blood in order to liquidate more longs. The leverage ratio is still too high in my opinion🤔 Image
Meanwhile, there were no big changes when it came to #BTC exchange reserves, we saw a slight uptick but nothing big so far👌

All other indicators still look bullish and the bull run is far from over if you ask me. SImply a healthy correction after a nice rally✅
I would also love to see $SHIB come down as its valuation is insane at the moment. Social mentions also skyrocketed so I think the top is in.. If you hold some, take your profits and run😂 Image
Read 4 tweets
Anonymous 🌖 $UST Profile picture
27 Jun
Morning update:

Not much has changed in terms of the on-chain data.. Whales keep accumulating while the crowd thinks we are in a bear market😂

According to text data from more than 1000 social channels, we can see that sentiment is back in overwhelmingly bearish territory👀
Since the crowd tends to be wrong most of the time, this is usually a very bullish sign. As you can see from the chart, we usually bounced in this area! #BTC
Bearish bias can be further confirmed by looking at the funding rates. The funding rate is a fee paid by one side of the perpetual contract to the other. When it’s positive, it indicates a prevailing bullish bias among derivative traders, since BTC longs are paying BTC shorts.
Read 7 tweets
Anonymous 🌖 $UST Profile picture
26 Jun
Morning update:

Looking at the on-chain data, we can see that the supply of #BTC on known exchange addresses is still in a downtrend which is a great sign 🤟 Image
In fact, we have lately seen multiple large withdrawals from major exchanges which further confirm the thesis about strong accumulation taking place👀 #BTC
While some market participants keep accumulating, others aren’t too convinced in this rally. Looking at the funding rates, we can see that there are still more shorts than longs. In my opinion, this is a good sign as the crowd tend to be wrong most of the time😂 #BTC Image
Read 9 tweets
Anonymous 🌖 $UST Profile picture
25 Jun
Morning update:

While Bitcoin is slowly climbing up from the lows seen 2 days ago, the news coming out is mind-blowing🤯

Yesterday, Wall Street giant Citigroup officially launched a new business unit dedicated to the cryptocurrency and blockchain space!

theblockcrypto.com/post/109526/ci…
President of El Salvador, Nayib Bukele has announced that each registered citizen will receive $30 in free Bitcoin to their registered wallet! 🔥 #BTC

U.S. company Athena intends to supply El Salvador’s new crypto-based economy with 1500 Bitcoin ATMs🚀 #BTC

cointelegraph.com/news/athena-co…
Read 7 tweets
Anonymous 🌖 $UST Profile picture
23 Apr
Morning update:

Another day, another drop… The selloff started after Biden proposed the bill to tax capital gains as high as 43.4% (not passed yet)😱
In addition, $1.55 worth of #BTC futures contracts expire today and this could be another reason for a sharp decline. We have seen the same scenario play out in the past months so nothing new this time around.
Bitcoin reserve on known exchange addresses has seen a rise as the crowd started panic selling their coins. That being said, the inflow mean was very low so it is safe to say that those were retail investors and not large institutions ✅
Read 12 tweets

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