Thoughts on stable coins reserves and outflows data
Nance holds $47.5B in stablecoin reserves (CryptoQuant data)
That’s 65% of all exchange stablecoin liquidity
One of the biggest problems during bear markets is the lack of liquidity. Thin orderbooks usually lead to flash crashes, liquidation cascades and big wicks
Big stablecoin reserves on exchanges help absorb volatility, they add depth. That’s extremely important.
Another positive thing I have noticed is that the stablecoin outflows have slowed to $2B in most exchanges (8.4B during the peak correction)
That means the market is stabilizing
After the BTC correction and the extreme fear and greed levels we saw weeks ago, this is a good sign, imo.
Every cycle, bear markets are less brutal, and that’s mostly because adoption and infrastructure keeps growing
Nance holds $47.5B in stablecoin reserves (CryptoQuant data)
That’s 65% of all exchange stablecoin liquidity
One of the biggest problems during bear markets is the lack of liquidity. Thin orderbooks usually lead to flash crashes, liquidation cascades and big wicks
Big stablecoin reserves on exchanges help absorb volatility, they add depth. That’s extremely important.
Another positive thing I have noticed is that the stablecoin outflows have slowed to $2B in most exchanges (8.4B during the peak correction)
That means the market is stabilizing
After the BTC correction and the extreme fear and greed levels we saw weeks ago, this is a good sign, imo.
Every cycle, bear markets are less brutal, and that’s mostly because adoption and infrastructure keeps growing
ETH ANALYSIS
On HTF, this is just a range, so I’ll trade it like one
When a range breaks, you can do two things:
1. Follow the trend
2. Wait for price to move back inside the range
In my case, after a -65% drop from the ATH, I’m not looking to play continuation
Maybe we go lower, but it feels a bit late to open fresh positions
I’m just waiting for the second option. It may take a while, but imo, the best action right now is no action
https://www.tradingview.com/x/qiztADih/
On HTF, this is just a range, so I’ll trade it like one
When a range breaks, you can do two things:
1. Follow the trend
2. Wait for price to move back inside the range
In my case, after a -65% drop from the ATH, I’m not looking to play continuation
Maybe we go lower, but it feels a bit late to open fresh positions
I’m just waiting for the second option. It may take a while, but imo, the best action right now is no action
https://www.tradingview.com/x/qiztADih/
TradingView
BINANCE:ETHUSDT Chart Image by InmortalTechnique
Inmortal TA
BTC/USD ANALYSIS In this type of structure we tend to make higher lows and go for the local highs first instead of going directly for the local low I think 62k is a good spot to set a HL In any case, be ready to be in a range for weeks (60-70k), eventually…
BTC/USD UPDATE
BTC is trying to print a higher low here, as we discussed yesterday
Hope this doesn’t end in a full retrace
Let’s see how price reacts to this level (66.5k) and keep an eye on the daily close
Looks good so far.
https://www.tradingview.com/x/1LJlobyv/
BTC is trying to print a higher low here, as we discussed yesterday
Hope this doesn’t end in a full retrace
Let’s see how price reacts to this level (66.5k) and keep an eye on the daily close
Looks good so far.
https://www.tradingview.com/x/1LJlobyv/
TradingView
BINANCE:BTCUSDT Chart Image by InmortalTechnique
BTC/USD
Yesterday push was good, but during sideways conditions full retraces are common
Market structure is still bearish (Lower highs). Even if we go to 72k we would still be in a range, so be patient
65k is the only interesting are for me now. It’s the only zone with a good R:R and clear invalidation
If in doubt, stick to spot, trading these market conditions could be frustrating because there is no momentum
Survive
I’ll keep looking at charts so you don’t have to ❤️
https://www.tradingview.com/x/1W5335BN/
Yesterday push was good, but during sideways conditions full retraces are common
Market structure is still bearish (Lower highs). Even if we go to 72k we would still be in a range, so be patient
65k is the only interesting are for me now. It’s the only zone with a good R:R and clear invalidation
If in doubt, stick to spot, trading these market conditions could be frustrating because there is no momentum
Survive
I’ll keep looking at charts so you don’t have to ❤️
https://www.tradingview.com/x/1W5335BN/
TradingView
BINANCE:BTCUSDT Chart Image by InmortalTechnique
Inmortal TA
BTC/USD Yesterday push was good, but during sideways conditions full retraces are common Market structure is still bearish (Lower highs). Even if we go to 72k we would still be in a range, so be patient 65k is the only interesting are for me now. It’s the…
BTC/USD UPDATE
Full retrace and 65k hit, as we talked yesterday
In these market conditions, it is difficult to maintain momentum
Full retraces/sideways are more common than continuations/breakouts
Now we are at 65k. Bulls need to form a higher low here, if they fail, we will revisit the lows
Weekend is here so I'm not longing 65k, I will wait for Monday to have a clear picture
https://www.tradingview.com/x/pZ3VrMNH/
Full retrace and 65k hit, as we talked yesterday
In these market conditions, it is difficult to maintain momentum
Full retraces/sideways are more common than continuations/breakouts
Now we are at 65k. Bulls need to form a higher low here, if they fail, we will revisit the lows
Weekend is here so I'm not longing 65k, I will wait for Monday to have a clear picture
https://www.tradingview.com/x/pZ3VrMNH/
TradingView
BINANCE:BTCUSDT Chart Image by InmortalTechnique
Inmortal TA
BTC/USD UPDATE Full retrace and 65k hit, as we talked yesterday In these market conditions, it is difficult to maintain momentum Full retraces/sideways are more common than continuations/breakouts Now we are at 65k. Bulls need to form a higher low here…
BTC/USD UPDATE
Recap of the last 3 days: Sideways, just as we expected
Leg up, full retrace, repeat
It’s not manipulation, it’s normal behavior in low volatility environments
Something I like a lot is the fact that since the 62.5k low, we’ve made consecutive higher lows
If I had to follow my gut, I’d say we’ll revisit +72k in the not too distant future.
https://www.tradingview.com/x/OjszeShW/
Recap of the last 3 days: Sideways, just as we expected
Leg up, full retrace, repeat
It’s not manipulation, it’s normal behavior in low volatility environments
Something I like a lot is the fact that since the 62.5k low, we’ve made consecutive higher lows
If I had to follow my gut, I’d say we’ll revisit +72k in the not too distant future.
https://www.tradingview.com/x/OjszeShW/
TradingView
BINANCE:BTCUSDT Chart Image by InmortalTechnique
Inmortal TA
BTC/USD ANALYSIS In this type of structure we tend to make higher lows and go for the local highs first instead of going directly for the local low I think 62k is a good spot to set a HL In any case, be ready to be in a range for weeks (60-70k), eventually…
BTC/USD
Highs taken
If we see acceptance above 72k, I think we can go to 80k (equal highs)
Be careful if price go back below 72k, a deviation is always possible
https://www.tradingview.com/x/xmyfn2qz/
Highs taken
If we see acceptance above 72k, I think we can go to 80k (equal highs)
Be careful if price go back below 72k, a deviation is always possible
https://www.tradingview.com/x/xmyfn2qz/
TradingView
BINANCE:BTCUSDT Chart Image by InmortalTechnique
BTC/USD
Back below 72k and weekend is coming. Be careful
My 2 areas of interest now
> 4h demand zone at 68k, nice spot for a higher low
> Reclaim of 72k lvl (less likely, imo)
In any case, I’m just observing, waiting for a trigger
https://www.tradingview.com/x/7mIeqYM2/
Back below 72k and weekend is coming. Be careful
My 2 areas of interest now
> 4h demand zone at 68k, nice spot for a higher low
> Reclaim of 72k lvl (less likely, imo)
In any case, I’m just observing, waiting for a trigger
https://www.tradingview.com/x/7mIeqYM2/
TradingView
BINANCE:BTCUSDT Chart Image by InmortalTechnique
THREAD
I just posted a thread on the ‘trading platform to infrastructure’ evolution
To the new ones maybe it is irrelevant, but OG’s remember the pre-2020 era and how primitive everything was just a few years ago
https://x.com/inmortalcrypto/status/2031081153721975152
I just posted a thread on the ‘trading platform to infrastructure’ evolution
To the new ones maybe it is irrelevant, but OG’s remember the pre-2020 era and how primitive everything was just a few years ago
https://x.com/inmortalcrypto/status/2031081153721975152
X (formerly Twitter)
Inmortal (@inmortalcrypto) on X
This is how a trading platform evolved into infrastructure
People who got into crypto after 2021 have no idea how primitive everything was just a few years ago and how much everything changed
I’m constantly comparing the present with 7 years ago because…
People who got into crypto after 2021 have no idea how primitive everything was just a few years ago and how much everything changed
I’m constantly comparing the present with 7 years ago because…
Lately I’ve been using VOOI a lot. I genuinely think it’s a good product and I felt it could be a great fit for some of you.
If you’re interested, team has given me some invite codes for you
https://x.com/inmortalcrypto/status/2034662302134243485
If you’re interested, team has given me some invite codes for you
https://x.com/inmortalcrypto/status/2034662302134243485
X (formerly Twitter)
Inmortal (@inmortalcrypto) on X
I see VOOI with something new almost every day
VOOI Ultra, perps arena, funding radar
All created to save you money/time and help you get the best fill possible
Every bear phase gives you 1-2 good things you keep using for years, and for me, this cycle…
VOOI Ultra, perps arena, funding radar
All created to save you money/time and help you get the best fill possible
Every bear phase gives you 1-2 good things you keep using for years, and for me, this cycle…
BTC/USD
If BTC is going to +80k, this is the retrace
Because if we go lower, it would mean “back to boring sideways”
This is the lowest point we can go without losing momentum, imo.
https://www.tradingview.com/x/d2SEk0UQ/
If BTC is going to +80k, this is the retrace
Because if we go lower, it would mean “back to boring sideways”
This is the lowest point we can go without losing momentum, imo.
https://www.tradingview.com/x/d2SEk0UQ/
TradingView
BINANCE:BTCUSDT Chart Image by InmortalTechnique
FLOKI/USD
Most memecoins at pre 2024 bullrun levels
-92% and 652 days since TOP
That’s the average duration and drawdown of an altcoin bear market
At least that’s how it used to be. We’ll see if that’s still the case
https://www.tradingview.com/x/1fWCV9P8/
Most memecoins at pre 2024 bullrun levels
-92% and 652 days since TOP
That’s the average duration and drawdown of an altcoin bear market
At least that’s how it used to be. We’ll see if that’s still the case
https://www.tradingview.com/x/1fWCV9P8/
TradingView
BINANCE:FLOKIUSDT Chart Image by InmortalTechnique
The class of 2024 doesn’t know how to win in crypto
The biggest problems is they don’t know who they are trading against
Here are some clues
https://x.com/inmortalcrypto/status/2035070809207607474
The biggest problems is they don’t know who they are trading against
Here are some clues
https://x.com/inmortalcrypto/status/2035070809207607474
X (formerly Twitter)
Inmortal (@inmortalcrypto) on X
The class of 2024 doesn’t know how to win in crypto
There are a few reasons, but one of the biggest problems is they don’t know who they are trading against
Orderbooks are not the same as in 2020, the difference is abysmal
In 2020 or earlier, it was you…
There are a few reasons, but one of the biggest problems is they don’t know who they are trading against
Orderbooks are not the same as in 2020, the difference is abysmal
In 2020 or earlier, it was you…
BTC/USD
170 days since TOP
If this is a regular bear market (364 days), it's 46.7% completed.
https://www.tradingview.com/x/XRYidz6W/
170 days since TOP
If this is a regular bear market (364 days), it's 46.7% completed.
https://www.tradingview.com/x/XRYidz6W/
TradingView
BITSTAMP:BTCUSD Chart Image by InmortalTechnique
Something similar to the gold and shovels story is happening
It’s weird but, while some people are rotating out of crypto, new players are coming in, but almost nobody is noticing.
https://x.com/inmortalcrypto/status/2044125909771235444
It’s weird but, while some people are rotating out of crypto, new players are coming in, but almost nobody is noticing.
https://x.com/inmortalcrypto/status/2044125909771235444
X (formerly Twitter)
Inmortal (@inmortalcrypto) on X
Something similar to the gold and shovels story is happening
During the last months we saw two things happen at the same time:
1. Gold had a parabolic run and made an ATH
2. Attention rotating out of crypto + new capital entering through macro assets
The…
During the last months we saw two things happen at the same time:
1. Gold had a parabolic run and made an ATH
2. Attention rotating out of crypto + new capital entering through macro assets
The…
BTC/USD
Chart is crystal clear
Below 74k (if we get rejected), expect more sideways between 74-60k (200MA W)
Above 74k we can expect expansion imo, up to yearly open at 87k
https://www.tradingview.com/x/mU3G5yF3/
Chart is crystal clear
Below 74k (if we get rejected), expect more sideways between 74-60k (200MA W)
Above 74k we can expect expansion imo, up to yearly open at 87k
https://www.tradingview.com/x/mU3G5yF3/
TradingView
BINANCE:BTCUSDT Chart Image by InmortalTechnique
FLOKI/USD
There is a point when price just stop moving
No up, no down, just sideways
It’s called time-based capitulation, and many altcoins are here now
When we get to this point, price-based capitulation is almost done (most are down -98% from ATH so it’s not hard to notice)
FLOKI is very simple.
0.00004 is the level to watch. Below it, accumulation, above it expansion
https://www.tradingview.com/x/keah2GCB/
There is a point when price just stop moving
No up, no down, just sideways
It’s called time-based capitulation, and many altcoins are here now
When we get to this point, price-based capitulation is almost done (most are down -98% from ATH so it’s not hard to notice)
FLOKI is very simple.
0.00004 is the level to watch. Below it, accumulation, above it expansion
https://www.tradingview.com/x/keah2GCB/
TradingView
BINANCE:FLOKIUSDT Chart Image by InmortalTechnique