1/ Quick roundup of what I’m seeing as #Bitcoin consolidates below its last major resistance

2/ Funding remains amazingly neutral - negative.

Bullish $BTC

3/ #BTC ’s correlation to traditional markets appears to be unwinding.

If this persists in the coming weeks, it’ll be the biggest story in crypto.

Bullish $BTC https://mobile.twitter.com/ercwl/status/1318596300875698178

4/ Commitment of traders showing institutional traders are overwhelmingly long this week.

Bullish $BTC

h/t @filbfilb

5/ Skies are mostly clear above $12K across exchange orderbooks.

Chart below is Binance, but pretty much everything looks like this right now.

Bullish $BTC

Chart from @tradinglite

6/ Whale exchange inflows are stable and not growing, a good sign.

Bullish $BTC

Chart from @cryptoquant_com

7/ Balance on exchanges continues to drop.

No sell side liquidity crisis yet, but a sustained break above $12k could change things quickly.

Bullish $BTC

Data from @glassnode

8/ Daily active addresses to price divergence is surprisingly weak.

This has happened before under bullish conditions, so I wouldn’t be too stressed about it.

Neutral - Bearish $BTC

Data from @santiment

9/ Meanwhile ETH/BTC is tanking, and alt holders are getting rekt.

10/ Too many people were unprepared for this.

I’m no maximalist, got plenty of love for crypto all around, but you gotta respect the king.