LEE KYONGJU (@08484) • Hey
LEE KYONGJU (@08484) • Hey
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- 🔗 View original text | Author burakkesmeci
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"#BTC Stock Exchange Net Import/Export Volume and Price Correlation"
Interpreting the Bitcoin Exchange Netflow will help you understand price trends. The exchange net withdrawal
- The data that provides the most intuitive view of the futures market atmosphere are open interest and funding costs.
Although the current outstanding is significantly reduced, overall, it is still high,
Funding costs are also maintained positively without being easily reduced to negative funding costs.
- BTCHashrate
- The Current Price Of Bitcoin And The Average Price Of Short Holders
- ⭐ ️ options of about $ 3.27 billion are set to mature today.⭐️
BTC Options Nominal Value: $ 2.06 Billion
Foot/Call ratio: 0.79
Max Pain Price: $ 66,000
ETH Options Nominal Value: $ 1.21 Billion
Foot/call ratio: 0.69
Max Pain Price: $ 3,550
Expiration time: March 15th at 5 p.m. (Korean time)
- 🇰🇷 Why is BTC adjustment coming?
· About ETF Flow Data Currently Going Around Telvang
· What should I focus on among ETF data?
· What is the most important data at this point?
☑Data related to ️ BTC ETF inflow
The ETF Flow data currently circulating in Telvang is data that has not yet been compiled by BlackRock. Currently, the BlackRock tally has ended and has been changed to NetInflow (+), not NetOutflow (-).
☑ Important part of the data in the ️ BTC ETF?
The most important part is to look at the inflow of Fidelity (FBTC), which is the subject that directly affects the market price, rather than net inflow and net outflow. In the case of BlackRock, which everyone is suffering from, it doesn't seem to have a direct impact on the market price because it is trading with OTC.
☑ ️'s most important data at this time
In the end, the most important data should be focused on Coinbase Premium (which is largely due to Fidelity's buying influence) and whales (especially derivatives whales) that can move prices in the market.
✍🏻 I personally think that the market funds that will come into ETFs will always be net inflows. I think the price aspect that you are always interested in should be the main focus of the movement of institutions and whales that increase market intervention.
In fact, Coinbase Premium is currently in negative territory and I think the sell-off is getting stronger in the Asian time zone.
- Miners" daily mining revenues are at their highest ever since April 2021. With half-life approaching, selling pressure from miners is expected to grow stronger.
- 70% of Bitcoin's total supply has not traded in the past year.
More notably, about half of the supply in circulation has not moved in at least three years.
Many long-term holders bought Bitcoin at the bull market peak in the first quarter of 2021, and despite suffering losses of up to 75% during the bearish period, they continued their DCA strategy to lower the average purchase cost from 47K to 35K.
These long-term holders are mostly smart money and large retail investors, approaching investment in Bitcoin as an inflation hedging instrument from a more macro perspective, rather than just cycle swing investments.
This will continue to increase the demand for Bitcoin.
- Miner Bitcoin Balance, Lowest Since July 2021
Miner balances have declined by a net 200,000 BTC over the past four months and new miner balances are likely to hit record lows (excluding 2010) over the next three to six months.
- Spot CVD Firecharts are also seeing a similar trend to yesterday's. While buying activity for medium-sized whales (purple boats) continues to dwindle, buying activity for large whales (brown lines) and large retail groups (red lines) continues to rise.
Spot purchase order volume
51K: $ 18M
Spot selling order volume
52K: $ 15M
53K: $ 22M
- 52~53K New Sales Wall Generated in Large Volume
48K Buy Walls Weak Small Volume
- " $BTC Bulk OTC Trading Stalled, Whale Investor Active Within 30 Days"
The aforementioned OTC desk is not only used by miners, but may have been used by other trading entities. If you look at the trading entities that caused this surge, you can see that they are 'whale investors who have been active within 30 days'. From their definition
30-Day Activity Whale Investor Definition
1/ Last transaction (transaction) occurs within 30 days
2/ Have more than 100 BTC in your wallet
3/ Purse never connected to centralized exchange
Bitcoin's realized price for 30-day active whale investors is $ 40.5K.
✅Manager
CEO Joo Ki-young of CQ explained that the surge in OTC transactions was caused by 'whale investors who were active within 30 days' trading. If you look at the realized price (purple line), you can see that it has increased slowly for 23 years, but has surged since the spot ETF was approved. This means that a large amount of bitcoin has been transmitted, and it can be said that the hand change has occurred. 😀
Their realized price means the average unit price of the bitcoin they acquired, so it can be considered as a major support resistance price. This surge is a steeper surge than the previous firestorm in 2021 and can be seen as a significant on-chain phenomenon. 🤗
- "$BTC Exchange Deposit Indicator by Holding Group, Long-term Investor → Changes to Short-term Investor"
As soon as BTC broke past $ 51k on the 14th, 5,153 BTC, equivalent to 6-12 month long-term investors, flowed into the exchange.
The 6-month-12 month holding group is investors who have been collecting in the $ 23-year recovery phase of $ 20k to $ 32k, and appears to be a move to realize profits.
The 3-5 year holding group ⚫ ️ temporarily recorded 2,123 BTC in exchange inflows, which were investors who had been buying from the upside in '19~'21.
Given that the BTC price on February 14, 2021, was $ 48k, we believe this is a sign that some investors in the last 3-5 year holding group have exited the market from break-even.
This influx of long-term holders into the exchange can be seen as a sign of a shift from long-term investors to short-term investors, and often shows short-term price adjustments. However, this is a relatively small axis compared to the amount of long-term investor exchange deposits in the last cycle.
✅Manager
The author explained that some of the investors who bought from the low point in early 23 years had profit-taking, while the investment group that held it for two or three years seemed to have escaped from the capital when it rose to their average unit price. He also explained that the amount of money deposited on the exchange by investors in the long term was relatively small. 😊
It is natural for long-term investors → short-term investors to shift volume when there is an upward rally. Over the past cycle, the long-term investor ratio has declined with prices rising. In this cycle, the proportion of long-term investors for more than six months was 79.16% from its 23-year low and now 62.89% . If the long-term investor ratio falls to the 20% level, we can conclude that we are close to the peak of the cycle
- Cryptocurrency Market Overview Today
- "Cryptocurrency News Reads In One Line On February 22"
■ Jim Bianco "BTC Spot ETF Volatility May Lead to Regulation of Crypto Industry"
■ The Democratic Party of Korea is also pushing to allow BTC spot ETF investment
■ Analysis "BTC 2% Market Depth Largest Since October Last Year... Liquidity Rich"
■ European CEO Van Ek "European institutions are reluctant to invest in cryptocurrency-related products"
■ U.S. Sports Media Changes To NFT Ticketing Platform Network Polygon Avalanche
■ Mastercard-Swoopay to introduce crypto payment rewards for emerging economies
■ U.S. Treasury registers a blacklist of BTC/ETH addresses related to hacker group Lockbit
■ Michael Saylor "BTC Will Not Sell... Buy Forever"
■ Analyzing "Whales Expect BTC Prices to Rise Further... Less Short Position"
■ 21Shares Co-Founder "Widens Gap Between BTC ETF Issuers... 3-5 Final Winners"
■ Arthur Hayes "ADA is a dog poop... no famous dab based on cardano"
■ Circle "Tron-based USDC support phased out until February 2025"
■ Australia over 55 years old, BTC preference up 100% after spot ETF approval
■ Minjoo Announces Pledge of Virtual Assets... "Allowing Institutional Participation in the Market"
■ Chainlink Labs "World's Major Banks Starts To Tokenize Real Assets"
- Whale 0x7a9 Purchased Additional 16,160 ETH For ~$ 2,906 9 hours ago
- Fear and Greed Index Turns to 'greed' in a Day
It went from "extreme greed" to "greed." The previous day's index was 78 points (extreme greed)
- Over 120,000 BlackRock Bitcoin Holds, Worth $ 6.3 Billion
- Michael Saylor "No reason to sell winners to buy losers"
"Bitcoin spot ETFs have opened a gateway for institutional capital to enter the Bitcoin ecosystem"
"Hundreds of millions of dollars of capital flows from the analog economy to the digital economy every day"
Later, when the anchor asked about the intention to sell Bitcoin held by MicroStrategy, he said, "Bitcoin is an exit strategy," adding, "There is no reason to sell the winner to buy the loser."
- Bitcoin Hyun Water ETF, about 44700BTCBTC purchase
@
Bitcoin Hyun Water ETFs bought 4474BTC, said.This is a numerical value including the leakage of GBTC.According to data, Bitcoin Hyun Water ETF funds for three consecutive weeks
👉 Blueming expenses...
- Top 7 promising projects in the future
- The collapse of employment in the trucking industry since 1991 is a harbinger of a recession
- ETF's Bitcoin holdings change daily
- A project that Binance has invested in but has yet to have a token
- Short-Term Holders Group Respondes To Record Largest Net Realized Profit And Loss Since ATH Formation In 2021
As Bitcoin broke through the 52K range, the short-term holder group responded by posting net realized gains and losses of +$ 647M, the largest since the formation of ATH in 2021.
- Bitcoin Unsigned Agreements On All Exchanges, Surges To Highest Level Since April 22
- Derivit Ethereum Futures Open Interest ATH Records
- Bitcoin Network Hashrate Nearly Doubles In One Year
- Coin running out at OTC desk
The huge demand for ETFs is expected to soon lead to price surges, and there doesn't seem to be much to sell on the exchange.
- Bitcoin Whale Buying Over $ 100,000 BTC Worth About $ 5 Billion In The Last 10 Days
- Addresses With More Than 1,000 Bitcoin Up About 6% Over Last 3 Weeks
- Total Net BTC ETF Inflows Over 100,000
- Bitcoin Ecosystem in Q1 2024
- Bitcoin Ecosystem Summarizes Issues and Information Today
·SAVM, Alpha Mainnet SOON
·Announcement of the launch of MOBY staking
·MOBY Next Launch Pad BEOBLE
·BEFI LABS Wallet Register has exceeded 250,000 people
·Bool Network Devnet is released
·BounceBit reaches $𝟑𝟎𝟎 M 𝐓𝐕𝐋 in two weeks
·Bevm Helsinki program has 3 days left
·B² network achieves 300M Buzz TVL campaign
- Pumping Style of Exchanges and VCs
- Bitcoin Miners Start Receiving Letters From EIA To Report Sensitive Data (Location And Energy Usage, Etc.)
One miner reportedly received a letter in which he was fined more than $ 10,000 a day for not responding within 10 days.
- Bitcoin Fund Absorption, Multiple Gold ETFs Erosion AUM
- The gains were driven by large whales holding more than 1,000 BTC and will likely continue to be spot market-driven for some time.
Even in spot-driven bull markets, prices don't just keep rising. It's important to be prepared for market correction, and it's important to use diversified investment strategies (DCAs) to follow the macro upward trend rather than investing in undue proportion at once.
- Top 5 Bitcoin Points to Watch This Week
CoinTelegraph summarized five points to watch this week's Bitcoin (BTC) market.
■ BTC Clocks $ 48,315 Last Week's Zubong Clocks... Highest Clocks Since December 2021. Whether It Breaks $ 50,000
■ On-chain data-based 'earnings status' BTC occupies 93% supply... downward pressure as it nears all-time high (95%)
■ U.S. Consumer Price Index (CPI) released in January. Changes in market expectations related to Fed rate cuts in March
■ Continuing the rising trend of mining difficulties.
■ Cryptocurrency Fear, Greed Index Patterned. Whether Altcoin Season Will Come Following BTC Attention
- "Cryptocurrency News Reads In One Line On February 13"
■ Playdab Exposes Hacking Attack... to Issue $ 31 Million Additional PLA
■ Expert "ETH spot ETF issueability falls far short of BTC.. Impact such as ambiguity in securities judgment"
■ Ethiopian National Power Company Signs Power Supply Agreement With 21 BTC Mining Companies
■ Analytical "Ederium Co-Founder Estimated Address, Deposits 4,300 ETH To Kraken On 10th"
■ European Financial Markets Association doctor "Bank of England-FCA stablecoin rule, reconsideration needed"
■ Ethereum NFT Trading Volume Highest Since End-February Last Year... Fudge Penguin FP Rise Impact
■ Central Bank of New Zealand Governor "Stablecoins, Bitcoin, Fiat Currency Non-Replaceable"
■ "Worst Inflation 'P2P Cryptocurrency Exchange' Popular in Argentina"
■ Mechanical Capital Founder "BTC May Break New Highs in March"
■ Grayscale "BTC Spot ETFs Role In Offsetting Miner Selling Pressure After Half-Life"
■ Philippine Central Bank Governor "Commercializes CBDC for Wholesale Within Next 2 Years"
■ Arthur Hayes "Withdraws BTC Short-Term Weak Perspectives, Forecasts $ 70K After New Highs Within This Year"
- This is the last briefing ahead of the holidays, so I'll explain how spot ETF inflows and outflows are going right now.
Currently, GBTC outflows continue to shrink, and likewise, inflows of new ETFs continue to decline.
And you can see that the inflow and outflow of ETFs has decreased recently.
I'm getting a feeling that interest in ETFs is getting less and less.
In the future, management companies will start raising fees from free to paid, and it is also necessary to think that the inflow of funds may be less based on that point.
- Fed Speakers Schedule This Week
*FOMC MEMBER BOWMAN (MON. 9:20AM)
*FOMC MEMBER BARKIN (MON. 12:00PM)
*FOMC MEMBER KASHKARI (MON. 1:00PM)
*FOMC MEMBER GOOLSBEE (WED. 9:30AM)
*FOMC MEMBER WALLER (THURS. 1:15PM)
*FOMC MEMBER BOSTIC (THURS. 7:00PM)
*FOMC MEMBER BARR (FRI. 9:10AM)
*FOMC MEMBER DALY (FRI. 12:10PM)
- Why Bitcoin Is Rising
Bitcoin's Price Is Rising Due To Actual Positive Sentiment And Improved Market/Economic Conditions
- Bitcoin Market Hits Selling Volume, Suggests Market Rebound
- Renewal of Binance spot new high point
- Ecosystem ERC 404 with 1000x potential
* Just in time, Binance Wallet also supports ERC404 today
- Miners Have Virtually Stopped Selling Bitcoin
- Accelerate Ethernet deflation
In last week, Ethereum supply volume decreased as 4,02.36.36 Eth, and this is more than 1,000 million....
- What You Need To Do To Make Money In 2024
- "Cryptocurrency News Reads In One Line On February 07"
■ ProShares analyst "BTC spot ETF launch, both commercial and operational gains"
■ Analysts "$ 600 Billion Inflows Into Altcoins In Days... Total Cryptocurrency Market Cap Expected to Be $ 2.2 Trillion"
■ Chicago Fed Governor "Doesn't rule out the possibility of a rate cut in March"
■ Coinbase CLO "The less votes between U.S. presidential candidates, the more important it is to declare support for cryptocurrency"
■ ETC Group Research Director "Cryptocurrency Expected to Rise When Fed Cuts Interest Rates in May"
■ "BTC Expected to Reach $ 70,000 By Year's End," Matrixport Research Director
■ COPA "Self-proclaimed Satoshi Craig Wright will never let him do this again"
■ Binance Co-Founder "Strengthens Token Listing Process and Information Leakage Surveillance"
■ CryptoQuant CEO "BTC Can Maximize Risk-Adjusted Return On Capital If It Holds For 5 Years"