🚨Long-Term Holders sold 827,783 BTC in 30 days.

This is one of the bearish on-chain signals behind this BOLT statement.

A thread on more key signals behind this claim📉👇 2/ The Long-Term Holder distribution is also reflected in Coin Days Destroyed. ⛏

CDD = Bitcoin Value × Days Dormant

Bitcoin Value: Amount spent.
Days Dormant: Days unmoved before spending.

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

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

https://twitter.com/Mtrl_Scientist/status/1648810722418208770

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.

[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.

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…

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.

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…

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

1 // $BTC

BULLISH 🐮 or BEARISH 🐻?
Arguments can be made for both sides

In this thread all arguments which can be made for the BEARISH-case.

Read it down below 👇
and sure to follow to don't miss the BULLISH one 2 // Price is at weekly and monthly resistance (based on TA)

1 // There are serveral data sources where you could base a trade on. The few I use are:

1️⃣ Price Action
2️⃣ Orderbook
3⃣ Futures market
4️⃣ On-Chain
5️⃣ Sentiment

The perfect long setup is when all this sources point to the same direction. 2 // Let's go back to July 2021 and see how this works: Price Action

A very strong technical setup is a close below/close above. In this example price closed below the weekly support level at $32k and the week after closed above. This is bullish and gives a clear invalidation.