1/ Quick roundup of what I’m seeing as #Bitcoin
https://abs.twimg.com/hashflags... draggable="false" alt=""> consolidates below its last major resistance
https://abs.twimg.com/emoji/v2/... draggable="false" alt="👇" title="Rückhand Zeigefinger nach unten" aria-label="Emoji: Rückhand Zeigefinger nach unten">
2/ Funding remains amazingly neutral - negative.
https://abs.twimg.com/emoji/v2/... draggable="false" alt="🔥" title="Feuer" aria-label="Emoji: Feuer"> Bullish $BTC
3/ #BTC
https://abs.twimg.com/hashflags... draggable="false" alt="">’s correlation to traditional markets appears to be unwinding.
If this persists in the coming weeks, it’ll be the biggest story in crypto.
https://abs.twimg.com/emoji/v2/... draggable="false" alt="🔥" title="Feuer" aria-label="Emoji: Feuer"> Bullish $BTC https://mobile.twitter.com/ercwl/status/1318596300875698178">https://mobile.twitter.com/ercwl/sta...
If this persists in the coming weeks, it’ll be the biggest story in crypto.
4/ Commitment of traders showing institutional traders are overwhelmingly long this week.
https://abs.twimg.com/emoji/v2/... draggable="false" alt="🔥" title="Feuer" aria-label="Emoji: Feuer"> Bullish $BTC
h/t @filbfilb
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.
https://abs.twimg.com/emoji/v2/... draggable="false" alt="🔥" title="Feuer" aria-label="Emoji: Feuer"> Bullish $BTC
Chart from @tradinglite
Chart below is Binance, but pretty much everything looks like this right now.
Chart from @tradinglite
6/ Whale exchange inflows are stable and not growing, a good sign.
https://abs.twimg.com/emoji/v2/... draggable="false" alt="🔥" title="Feuer" aria-label="Emoji: Feuer"> Bullish $BTC
Chart from @cryptoquant_com
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.
https://abs.twimg.com/emoji/v2/... draggable="false" alt="🔥" title="Feuer" aria-label="Emoji: Feuer"> Bullish $BTC
Data from @glassnode
No sell side liquidity crisis yet, but a sustained break above $12k could change things quickly.
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.
https://abs.twimg.com/emoji/v2/... draggable="false" alt="🌒" title="Zunehmender Halbmond Symbol" aria-label="Emoji: Zunehmender Halbmond Symbol"> Neutral - Bearish $BTC
Data from @santiment
This has happened before under bullish conditions, so I wouldn’t be too stressed about it.
Data from @santiment
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.
https://abs.twimg.com/emoji/v2/... draggable="false" alt="👑" title="Krone" aria-label="Emoji: Krone">
I’m no maximalist, got plenty of love for crypto all around, but you gotta respect the king.