Thread by @InspoCrypto

Yesterdays pump was driven by futures, mainly #Binance Perp BTC/USD pair via coin-margin more than stablecoins. Spot exchanges still in distribution mode. 🤬 Tonight I will stream again. Stay tuned folks! 😎

#BTC #ETH #XRP

Whales ratio hourly view rising indicating more inflows coming from whales, we have received in the last hours almost $260m in stablecoins and 1,400 #BTC to derivative exchanges. Stablecoin supply rising since 16MAR22 by almost $700m and stablecoin reserves on exchanges rised by

$400m since yesterday. Funding rate rised after our stablecoin and #BTC inflows on derivative exchanges, but open interest is declining. It seems they didn't used those $260m and 1,400 #BTC yet. Liquidation map at #FTX showing a growing liquidation volume, 39.4k is here key. 🙄

Binance Perp holding the price up, but upper wall disappeared now. Almost no pressure from above.

@GeorgeWegwitz

They don't need any upper pressure to let the price decline. But we can rest easy, the price is under control. 🤣🙄🤦‍♂️

🚨🚨 Update
As you know #Binance #Bybit and #Okex were the main driver of yesterdays pump. We received $260m in stablecoins and I was waiting to see any change in funding rates. Here we go. All 3 positive indicating more long demand than shorts in the last hours.

#BTC #ETH #XRP

Here the liquidation maps of FTX (BTC-Perp) and Bybit (BTC/USD) to compare.

#FTX the only exchange buying spot against the trend. 🧐

To be honest it looks more like pump than dump atm. But hey, market conditions can change quick. I will keep checking the data.