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Hyblock Profile picture
@hyblockcapital
Mar 14, 2022 • 8 tweets • 3 min read • Read on X
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Coffee & Candlesticks - Edition 4

Please check out this week’s edition of our market insights and analysis using Hyblock.

(1/8)
2/ Probability Histogram:

On the weekly open, there was extreme behavior from retails and whales. Whale long% (top trader positions) was extremely low, while retail long% (Global longs) was extremely high.
3/ Cumulative Long & Short Delta:

Over the last few days, Cumulative long & short delta (CLSD) has increased due to an increase in net longs and a decrease in net shorts.
4/ Open Interest Delta

Support / resistance zones are currently around 40.2k-40.8k, 39.4k-39.65k, and 38.75k based on where a larger number of contracts opened across all major exchanges (OI Delta [aggregated]).
5/ Top Trader leverage

As price has decreased from the high on March 9th, top traders have increased their short leverage and decreased their long leverage. From the daily open today, long leverage has started to increase.
6/ Market & Limit Order Average Size

During the ranging period of March 12th - 13th, we see larger aggressive (market) sell orders coupled with larger passive (limit) buy orders → signs of possible accumulation.
7/ Liquidations & OI Profile:

Large concentration of short liquidation levels between 40k - 41k, and concentrations of long liquidations between 37-38k. Open Interest Profile gaps exist in those ranges as well adding a layer of confluence.
8/ Thank you for reading, stay tuned for video covering this soon.

See link for last week's video:

All above indicators can be found on: hyblockcapital.com

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More from @hyblockcapital

Hyblock Profile picture
Feb 3, 2023
1/ Hyblock products are designed to complement each other.

Let's take a look at how some of these tools are used in the lifecycle of a trader, beginning with the coin screener, which provides a "bird's eye view" of the market 🧵
We start by scanning a powerful metric: Top Traders Positions (Long%)

This can often be a proxy for whale long%
Right away, one can identify that DOGE sticks out as having a large "whale" long% relative to the market (legend: dark red/orange = high long%)

When the price of doge make a low, whales start increasing their long% *across all coins averaged* (blue line = global average)
Read 11 tweets
Hyblock Profile picture
Feb 1, 2023
Want a bird's-eye view of open interest across the market?

You can access that via the Coin Screener product.

However, BTC and ETH OI overshadow the screener, as they are significantly higher than the rest of the market.

That's why we created 'Relative to Itself' mode.
'Relative to Itself' helps answer the question, "How does the current value compare to all past values for *this* coin?"

whereas 'Relative to Market' helps answer the question, "How does the current value compare to the current values of *all other* coins?"
Users can change the setting to "Relative to Itself" and look for extreme data points relative to the coin's own historical data rather than the rest of the market.

On the backend, what it's doing is comparing the percentile values and displaying them to users via a screener.
Read 5 tweets
Hyblock Profile picture
Jan 9, 2023
1/ All eyes have been on $LDO recently 👀

So let's dive in and take a look at examples on what happened 🧵
2/ Price shoots up and takes the entire short liq cluster (1st arrow)

But more importantly, new large short liq clusters form right away (2nd and 3rd arrow)

Finally, only when shorts stop chasing and a large short liq cluster is not formed above (4th arrow), price consolidates
3/ After a day of consolidation, the price shoots back up to fully absorb all new short liq levels.

Right away, a new short liq cluster forms, implying that shorts are still chasing (trying to "catch the top")

And as we all know, price goes right after this cluster, again.
Read 7 tweets
Hyblock Profile picture
Jan 5, 2023
1/ We track liquidations by size of trade.

This enables users to segment total liquidations based on liquidation size.

Here are interesting ways to analyze liquidations filtered by size buckets 🧵
2/ Here we look at liquidations segmented into 5 buckets:
0-100, 100-1k, 1k-10k, 10k-100k, and 100k-1m

As price spikes, we see two spikes in liquidations across all buckets.

The second spike shows divergence.
3/ The second liquidation event shows an increase in smaller liquidations than the first.

On the other hand, there are fewer large liquidations in the second liquidation event than there were in the first.

Divergence in liqs, forming a local top
Read 7 tweets
Hyblock Profile picture
Jul 18, 2022
1/ Current retail (accounts) long%:

Binance: 38%
Okx: 48%
Bybit: 46%

🧵
2/ Shouldn't longs always equal shorts?

Well yes, in terms of overall positions (size), longs = shorts (in other words, OI).

But global long *accounts* looks at accounts, not positions.
3/ This measures the total number of *accounts* that are long on Binance.

For example, if there are 1million accounts on Binance and 600k of them are long, then the global accounts long% is 60% (and short% = 40%).

** Each account gets one "vote" **
Read 7 tweets
Hyblock Profile picture
Jul 10, 2022
1/ Weekends and ranging price often lead to stop hunts.

There have likely 5 stop loss hunts over the last 2 days.

We can track these by tracking slippage across major exchanges -- Binance, Bitfinex, Bybit and FTX.

Let's dive into each #BTC stop hunt 🧵
2/ Zooming in to the previous image, brings us to our first example.

Below the local low is likely where stop losses (SLs) lie. The first price drop does not lead to a spike in slippage, but the second price drop breaks the local low and spike in slippage => stop hunt #1
3/

The 2nd stop hunt occur shortly after. This time it triggers short stop losses.

The duration of time buildup is not as large and therefore neither should the stops. Breaking the local high, leads to a decent spike in slippage on a couple exchanges => stops triggered.
Read 8 tweets

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