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! 😎
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.
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.
Coinbase traders saying thank you for the opportunity 🤷♂️ They are in distribution mode it seems... and Binance traders ignoring the price action instead. 🤣🤦♂️
First signs of whales taking profit. Leverage ratio pumping, open interest and funding rates too. 🧐
Not saying you should do anything now. Just be careful. $240m stablecoins inflows to derivative exchanges, funding rate down, leverage ratio and open interest up. Make your own conclusions. 🤷♂️
What Is a Bull Call Spread?
A bull call spread is an options strategy used when a trader is betting that a stock will have a limited increase in its price. investopedia.com/terms/b/bullca…
What Is a Short Straddle?
A short straddle profits from an underlying lack of volatility in the asset's price.
They are generally used by advanced traders to bide time. investopedia.com/terms/s/shorts…
GM folks, the whole pump and dump was driven by coin-margin. Huge BTC outflows since the pump and dump. Almost 7,000 #BTC detected here. Close before the pump we had 5,000 BTC inflows and $145m stablecoins. The last remaining shorts closed or/and rekt.
While we are accumulating more and more longs liquidation volume.
Explanation Strategies:
Diagonal bear spread is usually used when an investor is bearish on the market in the long-term but has neutral outlook in the near term.
A short strangle profits when the price of the underlying stock trades in a narrow range between the breakeven points. The ideal forecast, therefore, is “neutral or sideways.” In the language of options, this is known as “low volatility.”
Whales ratio not indicating a pump atm, funding rates lifting up but still negative, while a rising leverage ratio and open interest indicating more high leverage longs coming in, liquidation map showing almost $440m volume on shorts at 39.2k - 39.3k and more
volume at 38.8k the way down for long liquidations. Flows looking relatively flat atm. Just $80m stablecoin inflow detected to spot exchanges. Option traders in the last 2 days not showing big trades. For march looks bearish to me. They are expecting a bearish price action it
seems. Maybe related to the incoming (14MAR22) vote for a potential ban of POW in Europe.
I will short with a max leverage of x10 and SL in case they will surprise me with a pump. At the moment I can't detect anythink that would let us predict a pump soon
🚨Little update: Many longs just closed or liquidated, open interests declined, leverage ratio declined, funding rate dumped hard, but is almost neutral, we have CPI data release (volatility will rise!!) in almost 4 hours, big shorts liquidation cluster at 42k and
long liquidation cluster at 38.4k! Since we have reached our "local bottom" we can't detect any big flows, neither stablecoins nor #BTC spot. Whales ratio hourly maintains high level indicating sell pressure by whales.
Gamma dumped too. I would expect a pump and dump today again. Have closed my short already and will sit on my hands now until I see a solid trend.
OUr block view shows what happenend before our recent dump. Whales stopped to send tokens to exchanges and let the price lift up heading 38.7k where again, they met low demand. Even if #BTC is and was following
$SPX, its reaction wasn't driven by $SPX. Our whales ratio 30block average is rising again. But without big netflows. I just have detected one big inflow today and that was #Gemini and 1,000 #BTC.
Our hourly view is showing here imo the preparation of the incoming downward
trend. The whales ratio is more becoming a dump prepration indicator at least in the daily and hourly view. The whales ratio doesn't show its effect immediately afterwards, instead more preparations. Whales sent tokens days before and wait for the opportunity to dump as soon they