$BTC Binance / Bybit Open Interest
Price back to range low & a lot of delta sold off from $31K
A lot of longs were wiped out below the origin of the XRP driven rally
Binance most of all -15K BTC in OI wiped out ($500M)
Price back to range low & a lot of delta sold off from $31K
A lot of longs were wiped out below the origin of the XRP driven rally
Binance most of all -15K BTC in OI wiped out ($500M)
$BTC Aggregate CVDs & Delta
These LTF patterns play out pretty often when price is ranging between spot liquidity & market is driven by derivatives primarily
Key notes would be:
local high exhaustion: perp premiums / spot supply / spot selling & high perp delta / Lost momentum
These LTF patterns play out pretty often when price is ranging between spot liquidity & market is driven by derivatives primarily
Key notes would be:
local high exhaustion: perp premiums / spot supply / spot selling & high perp delta / Lost momentum
$BTC Binance Spot
A lot of BTC was sold into current price area + decent spot demand defending $30K
~ Want to see $30K either hold or absorb sell pressure in coming days
A lot of BTC was sold into current price area + decent spot demand defending $30K
~ Want to see $30K either hold or absorb sell pressure in coming days
$BTC 4H Range
$30.5K still pivotal for moves higher and lower throughout this range
as long as 4H structure continues to hold $30K, looking for higher; acceptance above $31K is key
Otherwise liquidity starting to dry up now imo, expansion move sooner than later
$30.5K still pivotal for moves higher and lower throughout this range
as long as 4H structure continues to hold $30K, looking for higher; acceptance above $31K is key
Otherwise liquidity starting to dry up now imo, expansion move sooner than later
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