$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.

$BTC Order Books

Spot OBs heaviest at 58k 🧲

Perp OBs above 60.5k, and below 57.5k

Best case we see a quick run up to 60.5k, then back down. 📈📉

Bitcoin Trap Is Loading... Again!

Watch Here: 👇
youtu.be/OkPTaAJ7OGE

$BTC 1 Month Liquidation Heatmap

Downside Potential: 56-58k

$BTC Order Books

Spot OBs heaviest at 62.5k above and 58k below.

Perps at 61k.

It's possible (albeit, less likely) we see a retest of 61-62k before next leg down...

Careful trusting pumps today, its likely a trap.

$BTC 3-Day Liquidation Heatmap

Heaviest above between 61-62k,
58k below...

Which do think gets hit first this weekend?

$BTC False Breakout

Careful trading the break into 61k, it's perp driven.

While this is typical PA for a weekend...

Open Interest is Flat
Funding Rates are Positive, &
Spot volume is Low

These are hidden bearish signs.

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$BTC Short Liquidation Delta

SLD sitting at about -6b.

Bears are still in control. 🐻

$BTC 24 Hour Liquidation Map

59.7k has a target on its back 🎯

$BTC High Leverage Idiots

HLI is highest in the following ranges.

Above: 60.8-61.2k
Below: 59-59.8k

Which side are you on?

A year from now, you’ll either say,

“Glad I committed,” or “Wish I took it more seriously.”

Discipline gets rewarded.
Distraction gets punished.

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Stop watching. Start moving.

$BTC Whale Wars 🐋

Once the price dropped below 60k, 10m+ positions flooded in.

There's a battle for 58-60k.

This range is highly contested...

Right now is the calm before the storm.

Think we drop or bounce from here?

$BTC Whale Orders 🐳

THIS IS HUGE!

$266 Million in Perp Long limit orders between now and 57k. 🧲

They don't seem to learn!