Spent Output 7y-10y is a band in Spent Output Age Bands, an indicator that measures Bitcoin's age and market activity. This band represents the spending of Bitcoins with an age of 7 to 10 years. Historically, increases in Spent Output 7y-10y have sometimes resulted in decreases in Bitcoin price.
The amount of bitcoins held on spot exchanges is decreasing, which is a positive sign. However, the amount of bitcoins held on derivatives exchanges, particularly Binance and Kucoin, is continuing to rise.
Looking at the liq map, there are significant short orders around 28,500k, which are likely to be covered by taking high leverage positions. We may see sudden movements around 5:00 pm (JOLTS will be released). Meanwhile, as I am writing this, upward movements continue
Now let’s come to the bitcoin technical analysis side. With the sudden drop yesterday, we experienced a pullback towards 27,500k and then experienced an upward rise with the margin purchases.
As I mentioned yesterday, the shorts above did not behave well and opened high leverage transactions and...
The amount of BTC in Bitcoin derivatives exchanges continues to increase (they are used for long or short transactions), while the amount of BTC in spot exchanges decreases (positive)
Although the amount of Bitcoin held in both spot and derivatives exchanges continues to decline, the quantity of Bitcoin held in derivatives exchanges remains higher. Additionally, Binance exchange currently has the highest rate of increase in Bitcoin reserves.
Today, there will be close to 4 billion dollars option closing and our max pain line has increased to 25k. So today we will watch the bears and bulls clash. If you are trading futures, stay away today.
Whale savings refer to changes in the portfolios of investors with large holdings in the cryptocurrency market. If whale holdings are down, it can often mean that the market is weakening or moving in a negative direction. Therefore, the decrease in whale savings with the recent price movements...
CFTC sued Binance and CZ.(Bloomberg ) CFTC is a US federal regulatory agency known as the Commodity Futures Trading Commission. The CFTC is responsible for regulating the commodity and futures markets in the United States.
The estimated volatility in Bitcoin options has started to increase, indicating that there may be sudden price movements during the upcoming week, although not necessarily significant ones. The expiration of options on March 31st is particularly important for us, as it could serve as a critical...
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