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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
’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
Bullish $BTCh/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
Chart below is Binance, but pretty much everything looks like this right now.
Bullish $BTCChart from @tradinglite
6/ Whale exchange inflows are stable and not growing, a good sign.
Bullish $BTC
Chart from @cryptoquant_com
Bullish $BTCChart 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
No sell side liquidity crisis yet, but a sustained break above $12k could change things quickly.
Bullish $BTCData 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
This has happened before under bullish conditions, so I wouldn’t be too stressed about it.
Neutral - Bearish $BTCData 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.
I’m no maximalist, got plenty of love for crypto all around, but you gotta respect the king.
