Thread by @InspoCrypto

🚨🚨 Update: Todays market update with delay because of the current price action.

Whales ratio the whole day very high, showing its bottom at 0.70 again and its daily top at the max. indicating more whales sending its tokens to exchanges.

#BTC #ETH #XRP

Also confirmed by our total netflow, the bottom chart showing big sequential inflows, but of course also outflows. However more inflows than outflows. Nevertheless, today the whales ratio 30d average shows its top indicating a dump preparation. The stablecoin reserves on

exchanges has declined since 12-24-2021 by almost $3.5b! That's big! Today #Binance received $750m of fresh minted #tether. I've tweeted about that. #Tether announced that transaction, but also added that $2b was the original requested amount and was reduced to $750m.

https://twitter.com/InspoCrypto/status/1479475410178039811?s=20

In my opinion that could mean two things. First, #Binance need less stablecoins because they are not expecting bigger #tether outflows anymore, but it can also mean, #Binance expect less demand by traders to buy the spot. If so, that would be worst case.

Future traders placing more shorts at the moment, however not changing the funding rate that much. We have more longs as the funding rates indicates and we have still a very high leverage ratio. Also not very bullish yet.

Option traders flipped to bearish. Puts leading here expecting here a price level below of 38k - 40k before Jan14. More Puts bought in a range of 30k - 40k within the last 24h. Our max pain for all expiries keeps at 52k indicating we have more bullish expectations for the months

after Jan. That matches to my expectations.

Today the Bureau of Labor Statistics has released its monthly U.S. Nonfarm Payrolls for last December. They expected 400k, but reported 199k. Even if the unemployment rate has declined by almost 0.2% from their forecast, the NFP is

indicating more jobs in low salary jobs, but less in upper wages jobs. That is consistant to the November data and absolutely not bullish imo.

I think the FED will not adjust their monetary policy because of that, as we have more bearish events, like Covid, the China economy

energy crisis and a rising inflation. Their options are limited. Means, no changes to rate hikes and tapering.

So, I stick to my plan, expecting the last push down heading 38k to retrace quick back to 40k and start to lift up back to upper levels like 50s or 60s. To make clear

why I'm expecting such a bullish flip. Whales will try to exit. They never exit in lower ranges. They will form a fake rally, maybe even with low volume (poor quality rally) to distribute the way up. Retailers have to push the price up. As soon as they notice the price starts

to stall they will dump hard and we will shift to a bear market. A bear market is their level to prepare the next bull market. 😜 Also my level to accumulate as much as I can.

Be careful with the rising volatility! Don't let you guide by price action or fear. Stick to your plan!

Exchange Reserves:
#Binance has received another 6,700 #BTC since 01.05.2022.

All exchanges reserve has risen by 2,950 #BTC since this morning.

#Okex received again 1,200 #BTC since yesterday. No big changes here. But it confirms what I see in the netflow chart.

#Gemini is reducing its reserves since 2 days. It has now 6,600 #BTC less in its reserves.