BTC Market Update (Quick View)
11Feb22
On-Chain Analysis
Whales Ratio Daily View
(1) Whales Ratio declining - bullish
(2) Whales Ration 30 days average declining - bullish
(2) Stablecoin Reserves on Exchanges rising - bullish
(3) Total Netflow negative but rising - neutral
Whales Ratio Hourly View
(1) Whales Ratio declining - neutral
(2) Whales Ration 30 hours average declining - neutral
(2) Stablecoin Reserves on Exchanges rising - bullish
(3) Total Netflow flipped to negative - neutral
Whales Ratio Block View
(1) Whales Ratio now declining - bullish
(2) Whales Ration 30 block average declining - bullish
(2) Stablecoin Reserves on Exchanges rising - bullish
(3) Total Netflow flipped to positive - bearish/neutral
Stablecoin Flows Hourly View
(1) Stablecoin Flows MA5 stabilized - neutral
(1) Stablecoin Flows rising- bullish
BTC Inflows Hourly View
(2) BTC Inflows MA50 lifting up - bearish
(2) BTC Inflows MA180 lifting up - bearish
Option Trading Analysis
Expiry 25Feb22
Max Pain 40k - bearish
Biggest Volume by Strike Puts at 40k - bearish
25Feb22 Expiry
Puts at 40k - bearish
18Feb22 Expiry (leading)
Calls at 44k/45k/46k/48k
Puts at 40k/43K/44k
Future Trading Analysis
Funding Rates - 4 negative / 2 neutral / 1 positive
Bearish sentiment
Exchange Order Walls
Binance
Coinbase
Bitfinex
FTX PERP
Personal Conclusion
Whales ratio declining while more BTC inflows have arrived, bigger ($300m) stablecoin inflows also detected, option traders showing bearish sentiment for next week friday and future traders showing a bigger demand for shorts than longs, even if not a big difference.
Exchange walls have changed a bit. Coinbase order activity showing sell pressure above our current level.
Price should fall heading 42.4k. Be careful, we can pump up from there afterwards.