$BTC Coinbase Offloading Spot, Again

Typical US market selling pressure to sweep 7-day liquidation / London lows.

Decent chance we pivot in this support range, however it is far to early to tell.

Recommend waiting a bit longer to see if spot volume increases.

$BTC Whales Games 🐳

Here's a look at all the 5m+ perp limit orders.

Majority of these showing up after that pullback to ~61k.

Getting spicy!

Anyone trading this?

$BTC Recipe For Disaster

The perfect storm...

Spot volume dropping, alongside the price.
Meanwhile, open interest is spiking.

Generally best to wait on longs when we see this.

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$BTC Taking a Beating at US open

After breaking through support, Bitcoin is poised to go lower (overall).

Even though I expect a little relief, be very careful taking longs.

If BTC cannot reclaim 61k today, going lower. 📈

Considering a swing short in the 60-61k range.

$BTC 30-Day Liquidation Heatmap

Now that support was breached...

57.5k likely next target.

Careful with longs, this is dangerous territory.

$BTC Near Perfect Sweep ✅

Almost every Low Leveraged Long just got wrecked with that pullback.

If Bitcoin cannot reclaim 60k, downside makes the most sense.

Just remember, this market follows liquidity...

Think we see a run up, or continuation lower?

$BTC Whales Games 🐳

Following that sharp pullback to 58k...

Huge 10m+ limit orders started stacking up between 57 and 58k. 🧲

$BTC 90-Day Liquidation Map

Downside: 0.82 billion
Upside: 10.5 billion

Slight imbalance... 😅

$BTC Order Books

Spot OBs stacking up at 58k🧲
Perps heaviest at 58-58.5k

$BTC 24-Hour Liquidation

Looks like 58.7k has a target on its back. 🎯

Nice chunk of exit liquidity there.

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$BTC ETF Net Inflow

Here is the net inflow for ETFs over the past 2 months...

See anything out of the ordinary?

Crypto market ONLY goes higher when ETFs are buying.

ETF's controlling the market - since Jan 24'.

$BTC Coinbase (ETF's) Offloading Spot, Again

Just another day in crypto... 😅

Another Huge Outflow of ETF's today.

Easily recognizable when you look at spot volume delta during US market hours.

$BTC Trying to break 60k

But having a difficult time with low volume...

Still hope we see the 60.5 - 61k so we can short the confluence.

All eyes on Asia 👀

$BTC 3-Day Liquidation Heatmap

Ranges above and below make it difficult to say which happens first.

Smack dab in the middle of 2 outliers.

Upside: 62k
Downside: 58k

My money is on lower after the FVG at 61k is cleared.

$BTC Spot Volume Disparity

Spot volume is abysmal compared to perp volume.

Hence the reason we keep establishing lower lows.

Until this changes, we're going down.

$BTC Order Books

Not much has changed...

Spot OBs stacking up at 58k🧲
Perps heaviest at 57.5k

$BTC LTF Bear Flag (Again)

This is like the 3rd or 4th Bear flag we've seen on lower time frames over the past week.

Every one has played out to the downside perfectly.

Remember Traders: ALWAYS respect the Trend!

$BTC Short Traders Check List

Reasons not to long RN...

Perp volume High ☑️
Spot volume Low ☑️
Open Interest Dropping ☑️
Funding Rates Positive ☑️

Downside potential still remains high

$BTC ETF Net Flow 📉

Once again, another huge ETF outflow day yesterday.

Still max pain for longs.