Thread by @InspoCrypto

Bitcoin Market Update [01Feb22]
FREE VERSION
Block View
The whales ratio (1) has started to rise again since this morning, but is declining again. Also confirmed by our whales ratio 30block average (2). Outr total netflows shows a gain a bit more negative netflow (3) indicating

more outflows than inflows.

Interesting here. The stablecoin reserves (2 - yellow curve) on exchanges is on a high level with $25.6 billion, even if we have detected big outflows from exchanges in the last few days.

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…

Coinbase seems to be bullish today. Their activity looks like its related with some buy pressure. Network activity rised few

minutes ago after the price declined from 38.2k - 39k. It looks like 3rd party is playing here a bigger role related to the buy pressure.

Exchange Walls

#1 - Bitfinex | Walls: Upper at 42.5k, Lower at 34.6k

URL to App: tradinglite.com

Future Trading
Hourly View
The leverage ratio (1) is declining more today indicating less future positions with high leverage, while the funding rate (2) is declining too, indicating a higher demand for shorts than for longs. However, the funding rate is neutral (0.00), only

the trend is showing a bit more demand for shorts. We keep liquidating shorts as it shows the charts in the bottom, while the long liquidation chart is almost flat.

URL to chart: cryptoquant.com/prochart/h5G7k…

Inspos Conclusion and personal trade strategy
Actually one of these days, were in my opinion its not even worth to write an analyses. Almost nothing happenend. Exchanges has adjusted their walls a bit, Coinbase upper walls showing our current limitation in my opinion. Option

trading absolutely not useful, also future traders not really showing a trend. Whales ratio and the exchange walls are showing the way today. We almost reached our top and with a rising whales ratio we should retrace again.

I stick to my plan I have started a week ago. Shorting

the way up. Still expecting and hoping to lift a bit more up, but as we have seen several times already, our resistance at 39k is very strong. That’s a nother reason why I think, they don’t want to pump. If they do, they have to buy the whole way up because exchange fees

(revenue), transactions and addresses counts are still in an ultra low level indicating, no many retailers play here a role. So, I can’t really not imagine that we can moon under this circumstances. Time will tell.