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Maartunn Profile picture
@JA_Maartun
Sep 3, 2022 • 20 tweets • 9 min read • Read on X
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1 // #Bitcoin Bottom Signals 🚀🔥

In just a few months, #Bitcoin traded $70000 all the way down to $20000. A historical drawdawn, the right time to look at potential bottom signals

I'll move over several datapoints. The more you'll see, the more bottom-ish. Let's go 👇
1 // Exchange Reserve. Reserves are trending down 🟢

Less #Bitcoin on exchanges = Less potential selling pressure

Chart:
cryptoquant.com/asset/btc/char… ImageImage
2 // Drawndown from ATH 🟠

Previous Bear Markets: at least 80%
Current Bear Market: 70%

Chart:
studio.glassnode.com/metrics?a=BTC&… Image
3 // Net Unrealized Loss (NUL) 🟢

Unrealized Losses equal as COVID-19 Crash. Not as high as previous bear markets 😉

cryptoquant.com/asset/btc/char… Image
4 // Negative Funding Rates 🟢

Bitcoin likes to bottom on negative funding rates

Chart:
cryptoquant.com/asset/btc/char… Image
5 // Net Unrealized Profit/Loss (NUPL) 🟢

Blue color (🔵) = Capitulation

Chart:
cryptoquant.com/asset/btc/char… Image
6 // Bitcoin: UTXOs in Loss 🟢

Above previous bear market levels

Chart:
cryptoquant.com/asset/btc/char… Image
7 // #Bitcoin MVRV Ratio is below 1 🟢

MVRV Ratio = Market Cap / Realized Cap

By comparing two valuation methods, the MVRV ratio can tell us to get a sense of whether the price is fair or not, which means it is useful to get market tops and bottoms. Image
8 // Pullback from 3D 200MA 🟢

#Bitcoin closed below the 3D 200MA. The pullbacks
from crossing till bottom were:

Dec '14: 47%
Oct '18: 50%
Mar '20: 32%

Currently value = 50%😉 Image
9 // 200 Weekly Moving Average 🟢

Historically, #Bitcoin hasn't spent much time below 200 WMA. Currently trading below it😉 Image
10 // Mayer Multiple below 0.5

Chart:
charts.woobull.com/bitcoin-mayer-… Image
11 // Fee to Reward Ratio below 3%

Chart:
cryptoquant.com/prochart/ipcJS… Image
12 // Premium on Quaterly Futures 🟢

Premium is around 0%. This is rare! Image
13 // 'BiTcOiN iS DeAtH' news articles 🟢

Some of my local country 👇 Image
14 // Puel multiple below 0.5

lookintobitcoin.com/charts/puell-m… Image
X / / And plenty more, but I had the feeling I should release this thread soon. It's not complete, but don't want to hold this information by meself. Make sure to use it!
15 // Bitcoin: Exchange Inflow (Mean, MA7)

1. $BTC drops hard over -30%
2. All Exchange Inflow Mean (MA7) spikes over 2.5 BTC
3. The indicator cools down
4. ALL-IN $BTC

cryptoquant.com/asset/btc/char… Image
16 // Thick white support clusters below price. #FireCharts could help

17 // DonAlt buying 🫢

18 // Time duration from ATH ⏰

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More from @JA_Maartun

Maartunn Profile picture
Apr 20, 2023
A bunch of 7 ~ 10-year coins has moved on-chain. Historically, that's not a great sign 🤯

cryptoquant.com/asset/btc/char… Image
And this...

And this..

Read 8 tweets
Maartunn Profile picture
Nov 6, 2022
BTC: Funding Rates hits a 6-month high 😱

Traders are betting on higher prices and are willing to pay a serious amount of interest. That doesn't have to be bearish perse, but when price start to move against them they might be forced to get out their position.

Read more 👇
Funding Rates for Bitcoin hits a 6-months high. Funding Rates is the amount paid by traders in a long-position to traders who are in a short-position.
It is a mechanism to keep the price of the perpetual futures contract nearby the assetprice.

▶ If funding is positive, traders are betting on higher prices. The future contract is trading above asset price which means that you pay to be long
Read 6 tweets
Maartunn Profile picture
Oct 22, 2022
[LONG READ] 1 of ∞
Miners are under heavy pressure ⚒

It is more difficult to mine new Bitcoin and on the other side, revenue is lower.

Which sign related to this are visible on the Bitcoin network?

This article was first published at @BitcoinFocusNL
In the last 10 months, the price of Bitcoin decreased with 70%. On the other side; hashrate, and thereby the difficulty, has grown. This means it's harder to mine new Bitcoin, and those Bitcoins will give less revenue.
In this thread, I'll focus on the hashrate, revenue for miners in BTC and dollar-terms, the total amount of fee and what these numbers mean at the current market situation.
Read 26 tweets
Maartunn Profile picture
Aug 8, 2022
Whale closed 300.000 Long positions on Bitfinex😱

Let's find out WHY this is important and WHAT it could mean for the market 👇

#Bitcoin #Ethereum #Crypto #Bitfinex #Futures
ETHUSDLONGS, a chart on tradingview which displays the total amount of open Long positions on Ethereum at Bitfinex. This metric has a major change in the recent data which is very important to be aware off.
The amount of ETHUSD Longs has been reduced with ± 300.000 (!!). That is a massive change on it's own, but it becomes more important when we take a look at historical data.
Read 6 tweets
Maartunn Profile picture
Feb 15, 2022
1 // #Bitcoin Top Signals 😬

It is weird to speak about top signals when price is trading at 40k. But I think it is important to be well prepared for the coming bullrun.

Let's summarize potential top signals. The more you'll see, the more top-ish. Let's go 👇
2 // Lets start with heavy positive netflow to exchanges. This means that Bitcoins getting deposit to Exchanges, likely to be sold 📉

Chart: cryptoquant.com/prochart/dcmlC… Image
3 // Spike on Coin Days Destroyed. This gives insight how many old coins are being spent. The 90D Moving Average is the sweet spot 🍬

Chart: cryptoquant.com/prochart/YnIYd… Image
Read 30 tweets
Maartunn Profile picture
Feb 13, 2022
1 // THE BULL CASE FOR $BTC

A lot of bullish charts are out there. Here are the most important ones 👇
2 // BTC Price is in a multi year uptrend Image
3 // BTC Netflows (30D MA) showing a re-accumulation period Image
Read 13 tweets

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