Looking at futures open interest we can see a difference between the liquidation cascade from a few weeks ago compared to the events from earlier this week. The prior event was primarily driven by high OI, high funding, meaning there was a lot of leverage was in the market. Spot sold down enough to trigger stop/losses for traders and boom, initiated a cascade of liquidations that sharply drew down open interest. This recent sell-off seemed much more controlled, resembling risk-off behavior from traders/active managers driven by macro uncertainty.

This means spot is leading futures or there is strong demand to be positioned short on perpetual futures.

COTI UPDATE

COTI setup produced +155%. Fully out.

FET 4H

Cool to see the bullish sign. I'll keep accumulate FET.

XTZ 1D

XTZ about to get a full send.

TFUEL 1D

Accumulating TFUEL.

AAVE 1D

I think the lows isn't formed yet. The pair cools for a bit before a new movement.

UTKBTC 4H

Longing UTK if ascending triangle breaks upwards.

CLVBTC 12H

Green candles ahead for CLV.

HEX 12H

HEX will soon touch demand zone. Preparing.

Bitcoin Short Term Holder supply has reached an equal all-time-low of 20%.

This means that less than 20% of all circulating BTC have transacted within the last ~5 months.

Given the accumulation we observed last time we were at $30k-$40k, this trend is likely to continue.

ALGO 1D

The resistance of the rounding bottom on ALGO very nicely to take a position. It will paying off.

FTT 6H

Expecting FTT to make this move.

MKR 1D

Expecting a healthy retrace for MKR.

XDC 12H UPDATE

XDC bounced off and produced +35% profit.

MPL 1D

MPL created cup and handle pattern, keep your eyes on it.

GALA 4H

GALA is printing a descending triangle. I wouldn’t rush to long at this point. A correction is needed.

ALEPH 2D

Bidding ALEPH, good risk/reward imo.

Bitcoin’s difficulty has adjusted positively 5 times in a row. This is the highest number of consecutive positive adjustments since Feb 2020.

This is a reflection of the rate that hash is coming back online the BTC network, building the foundation for the world's greatest asset.

NOIABTC 3D

NOIA got in my scope. Will bounce off of the trendline soon.

CHRBTC 3D

Levels I'll be averaging on CHR. Believe its only a matter of time before this starts moving bigly.

FTM 4H

Hopefully this ascending triangle plays out and we see a nice breakthrough the resistance.