At the moment don't detecting any big changes. Very quiet atm. Whale ratio maintains its level above the yellow line. You can see what happens as soon we fall heading the green line. Its not the first time that happens.
They send tokens to exchanges before the "unexpected" pump happend (😜) and they start to sell the way up from 42.6k to 43.7k. That was yesterday. Also the hourly view not indicating nothing big. Only the stablecoin demand is huge. It's rising since weeks without break.
ALso here nothing big atm. Only #Binance showing activity while the price is falling.
FTX Perp has open the way down. That's the only interesting thing I have detected. Almost 380 BTC waiting now at 41.7k. That's the only wall that has changed since yesterday. Could indicate that FTX is ready to let the price go down next. We will see. what happens next.
At the moment we have failed all retest on the bottom line and we bounced, we have also failed our retests our our resistance. With a declining volume. I think I will spend one hour making work out. Its more fun than the #BTC chart. 🤦♂️
Now they are sending more tokens to exchanges. It seems they want to rise the pressure now. But low netflow volume. 🤢
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We all remember the big announcement DOJ did just few days ago. We all were expecting a huge result, also because CZ has teasered a big FUD against Binance will happen soon
before. Something that could bring the crypto space in trouble. Instead they announced the arrest of someone nobody in the space knew before, Anatoly Legkodymov. The owner of Hydra Marketplace. Of what? Yes, right. Almost nobody knew him or his company before last tuesday night
before they arrested him in Miami.
The DOJ said about Hydra following:
“Bitzlato’s largest counterparty in cryptocurrency transactions was Hydra Market (Hydra), an anonymous, illicit online marketplace for narcotics, stolen financial information,
Binance already sent an announcement Exclusive: SWIFT payments network to cut access to crypto exchanges | Asia Markets asiamarkets.com/swift-network-…
What is driving the current rally? Spot or Derivatives?. Well, let us check. Derivative went up like hell while the price pushed up. As mentioned many times, you can't drive the spot price with futures.
It seems DOJ has a defined its next target. Even I don't agree with their approach. Because we know it's not Binance only. We remember the money laudering accusations related to FTX. What happened? Nichts, Nada. Nothing. 🤡 reuters.com/markets/us/us-…
Instead is the current CEO of FTX even thinking to revive FTX again. Coincidence? Anyway, it doesn't explain why the current buy pressure is coming from Binance. Or is someone there unloading with USDT? Because BTC/USDT showing big unloads related to spot CVD on Binance while
the opposite happening related to BUSD. While at the same time since 2 weeks we are seeing strange transactions related to $USDC. At the beginning was between Coinbase and Circle. But since last week also Binance is involved. Last night following happened. The same amunt went to
Instead what is happening?
"Oil firm executives, for their part, say the U.S. Administration’s policies and anti-oil rhetoric,
inflation, contractor time delays, and regulatory uncertainty are negatively impacting drilling and production planning."
Everything looks like, the oil production in US will decline more. While at the same time the U.S. Crude Oil Inventories has declined the first time in 3 yrs