🚨🚨 Bitcoin Market Update [25Jan22] Free Version!
Block View
The whales ratio (1) in block view was indicating an incoming lift up (pump) by dumping itself showing less BTC sent by whales. Since then the whales ratio is rising again.
#BTC #ETH #XRP
Block View
The whales ratio (1) in block view was indicating an incoming lift up (pump) by dumping itself showing less BTC sent by whales. Since then the whales ratio is rising again.
#BTC #ETH #XRP
Also our whales ratio 30block average (2) is confirming that move. However, it maintains now its high level. We need to see what happens in the next few hours. If it keeps falling that would indicate less pressure and would allow BTC to lift up in price even more.
As you can see, we had some big netflow activity (3) indicating here incoming big inflows. Today the netflow chart shows more positive netflows than negative ones, also indicating more tokens arriving on exchanges.
URL to chart: cryptoquant.com/prochart/vYNO3…
URL to chart: cryptoquant.com/prochart/vYNO3…
Market Activity
Block View
#1 - Gemini
#2 - Binance
#3 - FTX
#4 - Okex
#5 - Bitfinex
#6 - Kraken
#7 - Coinbase
URL to chart: cryptoquant.com/prochart/MIV7F…
Block View
#1 - Gemini
#2 - Binance
#3 - FTX
#4 - Okex
#5 - Bitfinex
#6 - Kraken
#7 - Coinbase
URL to chart: cryptoquant.com/prochart/MIV7F…
Once again, we can detect a rising activity to total transferred tokens related to a positive (rising) price action, while exchanges like Coinbase, Bitfinex and Gemini were more linked to sell activities. As tweeted yesterday several times, we noticed big inflows from those
mentioned exchanges indicating that thoese whales are selling the way up.
Future Trading
Hourly View
It’s not surprising me that our funding rate (1) is rising indicating more demand for longs than for shorts (within the last 8 hours) after the recent pump. Interesting here is,
Future Trading
Hourly View
It’s not surprising me that our funding rate (1) is rising indicating more demand for longs than for shorts (within the last 8 hours) after the recent pump. Interesting here is,
they liquidated shorts while we pumped and the leverage ratio declined at the same time, indicating we had a lot of high leverage shorts too. However, the leverage ratio is rising again. It seems they are placing high leverage longs at the moment. In case we will dump instead,
Exchange Walls
#1 - Bitfinex | Walls: Upper at 46.6k, Lower at 22.2k
#1 - Bitfinex | Walls: Upper at 46.6k, Lower at 22.2k
Inspos Conclusion and personal trade strategy
Well, no big changes since yesterday. We have received a lot of new BTC and I doubt we have dumped all of them. Today even stock markets didn’t show any big activity and so crypto just moved between a trade range of 35.8k - 37.2k.
Well, no big changes since yesterday. We have received a lot of new BTC and I doubt we have dumped all of them. Today even stock markets didn’t show any big activity and so crypto just moved between a trade range of 35.8k - 37.2k.
I stick to my plan of yesterday. I’m shorting the way up with low leverage, in case they will pump hard and surprise me, I can exit with less loss. But I see a rising volume the way up, indicating we have still a big pressure as soon as we reach 37.2k. Even if I would expect more
positive price action heading 38k and even 40k would be possible in my opinion, at the moment I think, based on the data, that we are forming a fake rally as it happenend in the dump phases in 2021 also. In other words, I expect a rising price to 40k ( +/- 2k) and dump afterwards
That should be our last dump before we can pump hard back to our old upper levels. Keep in mind, that our max pain is at 42k. So, a good reason to lift up more.
As I usual say, use the data to make your own conclusions. I just share my trade strategy to give you an idea, but
As I usual say, use the data to make your own conclusions. I just share my trade strategy to give you an idea, but
that’s not an advise at all!
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