- Whales Ratio - Daily View
Chart Analysis:
Whales ratio (1) has bounced again forming a new higher low. That’s not really bullish. Whales want to maintain the sell pressure indicating a distribution.
Whales Ratio 30d Average (2) is lifting up since days while the stablecoin reserves on exchange keeps declining, and the stablecoin supply maintains its level and is even showing a downward trend.Total exchange Netflows (3) indicating that some whales have absorbed the inflows of yesterday.
Conclusion
Based on the daily whales ratio is looks like they are in distribution mode. Sell pressure maintains high, stablecoin reserves on exchanges declining and even stablecoin supply showing first sign of downward trend (stablecoins sent to treasury).
Market Flow Analysis
Chart Analysis:
BTC (1) inflows mare rising today, mostly related to derivates but now also related to the spot market indicating an inflow of 2,600 BTC, something that confirms my whales ratio. Stablecoin inflows (2) even less than outflows (3), at least related to the Spot market.
Conclusion
The price action was driven by the derivative market it seems and now spot market is waking up.
Miners Flow Analysis
Chart Analysis
Miners reserves has declined today while their outflows maintained stable with almost 2,000 until yet. Less inflows more outflows, reduction in reserves.
Conclusion: No big news here.
Future Trading Analysis
Data Analysis:
- Future traders are very bullish now. They changed from bearish to very bullish. 12 hours ago we had more shorts than longs and the demand in the last 8 hours flipped to very bullish.
The current dump was initiated by coin-margin futures and not with stablecoins as we can see in the last chart. As mentioned above more spot BTC are arriving now also to spot exchanges.As mentioned today on twitter we have also here two critical zones based on the liquidation map. Everything above 45k would trigger a short squeeze, everything below 40k would squeeze longs. We are talking about huge volume here!
Conclusion: Future traders expecting more bullish price action. In my opinion the market didn’t decide yet. It is very risky to trade high leverage here
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