have been watching this address for a while, they are back to buying today.

Volatility and volume are low, expecting slow movement.

Not much change in the open interest, further adding to the idea of not much movements, also no significant liquidations still. Leverage ratio has been slowly coming down but still generally high. I still think the leverage ratio is mostly due to cme futures.

This chart shows us what is being bought the most. Stablecoins are entering and buying the shown altcoins and interesting to see that eth is being bought up more than btc. Eth $422M and Btc $145M. (1 day metric)

Btc is being sold the most $1.3B and eth $730M.

An interesting metric I found on glassnode, as we can see in previous cycles, investor capitalization ma hit the peaks and dumps followed, not really indicating good news.

SAND short sl 3.926

relative strength on sand

NY open in 6 minutes

Lunar New Year = choppy market is incoming with low volume

similarities of spx and btc

1 min for open

The hourly chart displays a local range bound movement defined by key pivot levels between 36.9k USD and 37.9k USD. As always, a strong breakout outside these levels should have short-term implications unfold in the direction of the breakout.

Supply zone is defined by Supply block of previous highs in 38.3-38.7k USD. Because this zone is nearly located to 37.9k USD pivot resistance, it is fair to assume 37.9-38.7k USD to be of the biggest strength for bears. Hence, it would make little sense, if you are a short-term trader, to open long positions right into the supply given above.

The resistances defined by the price action of bitcoin are given as follows:

43000
38750
37657

Gala 4hr BB pinch

Last 2 months are an example of a panic-driven forced selling market.Margin calls, stops triggered & pundits tripping over each other to "out-bear" their fellow pundits with projections of how much much lower the market is headed. The reversal can be just as quick.

DXY will roll back down like a bitch and btc will start regaining grounds.

Seconds count…