US Spot ETF netflows dropped sharply since early August, now hovering near ±500 BTC/day (14-day SMA) 📉📊. Far below inflow intensity that supported earlier rallies, showing lost momentum from TradFi investors 💰🔄.
Given ETFs' pivotal role in fueling upside this cycle, their slowdown adds significant fragility to current market structure ⚡️👀⚠️
Given ETFs' pivotal role in fueling upside this cycle, their slowdown adds significant fragility to current market structure ⚡️👀⚠️
Trading Crypto Compass
#BTC Update: #BTC rejecting from psychological $120,000 level with expected dip to $118,800 or slightly lower 📉🔄. Overall market remains bullish - anticipating new higher high with NY open 🚀💪. Healthy pullback before continuation toward fresh ATH levels…
Trading Crypto Compass
#TOTAL Update: #TOTAL hit new ATH in August then moved choppy, now reaching support zone around $3.68T where strong bounce expected 📈🔄. Once #BTC starts climbing, anticipate new ATH and strong altcoin upward movement 🚀💪. Support level could trigger significant…
Volume Delta Bias Analysis:
With on-chain liquidity softening and ETF demand fading, derivatives markets now critical 📊⚡️. Volume Delta Bias recovered during $108K rebound showing seller exhaustion across Binance and Bybit - futures traders helped absorb sell pressure 💪🔄.
Evolution of derivatives positioning will be key for navigating this low spot-liquidity environment going forward 🎯👀📈
With on-chain liquidity softening and ETF demand fading, derivatives markets now critical 📊⚡️. Volume Delta Bias recovered during $108K rebound showing seller exhaustion across Binance and Bybit - futures traders helped absorb sell pressure 💪🔄.
Evolution of derivatives positioning will be key for navigating this low spot-liquidity environment going forward 🎯👀📈
#HOOK Analysis:
#HOOK in strong consolidation range between support at $0.092 - $0.095 and resistance at $0.12 - $0.13 with hard rejections on both sides 📊🔄. Yesterday saw strongest rejection yet showing clear range boundaries 💪📉.
Buy from support area favorable, otherwise wait for short opportunities after confirmed break below ⚡️🎯👀
#HOOK in strong consolidation range between support at $0.092 - $0.095 and resistance at $0.12 - $0.13 with hard rejections on both sides 📊🔄. Yesterday saw strongest rejection yet showing clear range boundaries 💪📉.
Buy from support area favorable, otherwise wait for short opportunities after confirmed break below ⚡️🎯👀
Trading Crypto Compass
#BITCOIN Daily TF Update: #BITCOIN showed strong bearish engulfing on Daily TF, nearly reaching local support zone at $108,110 - $108,400. Small retracement occurring but further downside continuation possible. Watch support zone reaction for signs of stabilization…
Trading Crypto Compass
#DXY Update: #DXY broke the zone then quickly reversed after the sweep, now expected to tap into resistance line and resistance zone. Next week might see additional market pain before rally thereafter 📉🔄. This DXY movement typically correlates with broader…
Looking deeper into futures, we find a market that appears balanced rather than overheated.
The 3-month annualized futures basis remains below 10% despite higher prices, reflecting steady demand for leverage without the extremes that often precede liquidations. This suggests a healthier structure, more consistent with accumulation than speculation.
The 3-month annualized futures basis remains below 10% despite higher prices, reflecting steady demand for leverage without the extremes that often precede liquidations. This suggests a healthier structure, more consistent with accumulation than speculation.
Trading Crypto Compass
#BTC Weekly Update: #BTC closed weekly above $111,000 and just broke resistance area 📈💪. Waiting for Daily candle close as this could turn into a fakeout 🔄📊. Critical to see Daily confirmation before assuming sustained breakout ⚡️🎯👀
Trading Crypto Compass
US30 Update: US30 caught in a large consolidation range with a perfect tap into support, now trading mid-range 📊✅. The drop might be downside manipulation 🎭📉. Market looks bullish - expecting a strong move back toward resistance at 44,620 🚀🎯.
Trading Crypto Compass
#BITCOIN Weekly TF Update: #BITCOIN delivered solid rejection with massive candle creating new ALL TIME HIGH on Weekly TF 🚀📈. This week expecting similar continuation with further upside momentum 💪🔥. Enjoy the #BTC ride - altcoin rally following close behind…
Trading Crypto Compass
#GOLD Update: #GOLD pulled back from $3770 but remains super bullish making new ATHs regularly 🚀📈. Price showing tiny reversal signs but staying ultra bullish with no clear drop signals yet 💪✅. Wait for clear rejection confirmation before buying dips 🎯👀📊
Cumulative Volume Delta Pre-FOMC:
Bitcoin stabilized near $107.8K (short-term holder cost basis) through September with market shifting from balanced to modestly seller-driven 📊📉. CVD deviation from 90-day median showed mild negative readings across Coinbase, Binance and major exchanges 💪🔄.
Net sell pressure in spot market with cautious participant tone ahead of FOMC meeting ⚡️👀💰
Bitcoin stabilized near $107.8K (short-term holder cost basis) through September with market shifting from balanced to modestly seller-driven 📊📉. CVD deviation from 90-day median showed mild negative readings across Coinbase, Binance and major exchanges 💪🔄.
Net sell pressure in spot market with cautious participant tone ahead of FOMC meeting ⚡️👀💰
Trading Crypto Compass
#BTC Update: #BTC hit new ALL TIME HIGH again with multiple ATHs expected this month during Uptober 🚀🔥. Price expected to retrace to supporting trendline around $123,600 before pushing to new highs 📈💪. Enjoy the ride until significant retracement kicks in…
#Educational Post
What Is Tendermint?
Tendermint is a consensus mechanism that allows applications to launch across different machines securely and consistently. It works with a Byzantine Fault Tolerance of up to 33%. That means applications on Tendermint work even if up to one of the three machines they run on fails.
Tendermint uses a proof-of-stake consensus, where a random node from a validator set is selected in each period. The node proposes a new block, which is added to the chain with instant transaction finality. The blockchain has a modular architecture, meaning its consensus and network layers are separate from its application layer. That allows developers to build blockchain applications without having to worry about bootstrapping a consensus mechanism.
How Does Tendermint Work?
There are two components to Tendermint: the blockchain consensus engine and a generic application interface. The consensus engine is called Tendermint Core and ensures transactions are recorded on all nodes in the same order. The application interface is called Application BlockChain Interface (ABCI), which enables transactions to be processed in any programming language. Developers can use Tendermint to build applications on top of it. Moreover, unlike monolithic blockchains, they are free to choose the programming language and development environment.
Tendermint Core
Tendermint Core is an asynchronous BFT consensus protocol. Validators take turns proposing and voting on blocks. If a block is not committed, the protocol moves on to the next round and a new block is proposed. Voting happens in two blocks, with a pre-commit and a pre-vote stage. If two-thirds of validators pre-commit to a block, it is committed.
A block can fail commitment because the proposer is offline or the network is slow. Before moving on to the next block, validators wait for a brief period of time to receive a complete block proposal. This timeout reliance defines Tendermint as a weakly synchronous protocol. Validators then continue after they have heard from two-thirds of all validators.
Safety is guaranteed as long as less than one-third of the validators are Byzantine. Therefore, validators can not commit conflicting blocks at the same height. Once a validator pre-commits a block, it is locked. The block is then pre-voted on or can be unlocked and pre-committed for a new block.
What Is Tendermint?
Tendermint is a consensus mechanism that allows applications to launch across different machines securely and consistently. It works with a Byzantine Fault Tolerance of up to 33%. That means applications on Tendermint work even if up to one of the three machines they run on fails.
Tendermint uses a proof-of-stake consensus, where a random node from a validator set is selected in each period. The node proposes a new block, which is added to the chain with instant transaction finality. The blockchain has a modular architecture, meaning its consensus and network layers are separate from its application layer. That allows developers to build blockchain applications without having to worry about bootstrapping a consensus mechanism.
How Does Tendermint Work?
There are two components to Tendermint: the blockchain consensus engine and a generic application interface. The consensus engine is called Tendermint Core and ensures transactions are recorded on all nodes in the same order. The application interface is called Application BlockChain Interface (ABCI), which enables transactions to be processed in any programming language. Developers can use Tendermint to build applications on top of it. Moreover, unlike monolithic blockchains, they are free to choose the programming language and development environment.
Tendermint Core
Tendermint Core is an asynchronous BFT consensus protocol. Validators take turns proposing and voting on blocks. If a block is not committed, the protocol moves on to the next round and a new block is proposed. Voting happens in two blocks, with a pre-commit and a pre-vote stage. If two-thirds of validators pre-commit to a block, it is committed.
A block can fail commitment because the proposer is offline or the network is slow. Before moving on to the next block, validators wait for a brief period of time to receive a complete block proposal. This timeout reliance defines Tendermint as a weakly synchronous protocol. Validators then continue after they have heard from two-thirds of all validators.
Safety is guaranteed as long as less than one-third of the validators are Byzantine. Therefore, validators can not commit conflicting blocks at the same height. Once a validator pre-commits a block, it is locked. The block is then pre-voted on or can be unlocked and pre-committed for a new block.