ショウ retweeted
The German government is accelerating the pace at which they are selling their #Bitcoin.
After these current transfers the amount is now down to about half of what it was when they started selling.
From ~50K $BTC down to ~24K $BTC already.
The German Government has been reducing their #Bitcoin balance at a rapid pace.
It's now down close to $1B in value from the ~$3.3B it started with.
Partially because of price reductions, and ofc because of their stack shrinking.
The impact should slowly diminish with time.
ショウ retweeted
#Bitcoin During this run up, we've mostly seen Open Interest rise with a few relatively small short squeezes and some long profit taking in between.
I think there's a lot of underwater shorts from the ~$60K region that should get squeezed out if price were to keep grinding higher.
That $65K region is still a big area to watch out for.
#Bitcoin Massive liquidity zone at $65K and all the way up to that point.
I think that would be a good level in the short term to target and see how the market looks by then.
Invalidation is losing the range low at ~59K.
ショウ retweeted
#Bitcoin $500M+ in bids were placed below price (but mostly pulled) and open interest going up.
Doubt we'll get our usual weekend price action as mentioned. Quite a lot of action relatively speaking.
End of the quarter usually causes some interesting moves.
#Bitcoin It's weekend again.
I will however not trade any "CME Deviations" as I think it being the end of the month and quarter often makes for some weird moves into the close and afterwards.
Therefore I think it's good to just watch the price action evolve and into next week.
ショウ retweeted
Seems true lol
US Gov sent 3.94K BTC to Coinbase Prime
- to be handled by coinbase institutional
there's typically two options here
- OTC desks can auction off the BTC to clients (off market buyers)
- open market auction (sold over time on the market)
Link to US Gov wallet:
platform.arkhamintelligence.…
This quoted post is unavailable.
ショウ retweeted
Near range ask liquidity is paper thin in the Bitcoin order book so it won't take much to push price up from here. So far, that's been a challenge because the Whale Games I expected later in the week have already begun.
FireCharts shows Bitcoin liquidity is moving on both sides of price and some of it is spoofing rather quickly.
Get FireCharts Now! mi1.pw/fcx24
ショウ retweeted
Bitcoin ETF Flow (US$ million) - 2024-06-24
TOTAL NET FLOW: -174.5
(Provisional data)
IBIT: 0
FBTC: -35.2
BITB: -8.2
ARKB: -7.2
BTCO: -2.4
EZBC: -20.9
BRRR: 0
HODL: -10.2
BTCW: 0
GBTC: -90.4
DEFI: 0
For all the data & disclaimers visit:
farside.co.uk/?p=997
ショウ retweeted
#Bitcoin Weekend price action ongoing.
Seeing how choppy and sideways the price was moving before the weekend, I doubt we'll see anything crazy during it.
It has been ages since we've saw a big move happen during the weekend, both up and down. One day we'll surprise people.
ショウ retweeted
Routine
Before you start executing or doing anything today, have you got at least a baseline routine/system you follow?
It does not have to be complex, just some rough guidelines.
mine ↓
ショウ retweeted
#Bitcoin This is why I mentioned I had no interest in trading the CME price this weekend.
Felt like we'd get something like this.
Although it could always retrace again, I have no interest shorting this.
Know when to and when not to apply your strategy/edge :)
Would have been a stopped out short otherwise.
ショウ retweeted
Bitcoin Whales and Sharks feeding on liquidity attempting a run at $72k just before the Unemployment Report.
#DegenMode
ショウ retweeted
Oof, this person longed $20M at the top, then #Bitcoin instantly reversed against him and he got squeezed out lower.
ショウ retweeted
これは面白い結果。日本時間の後半から仕込んで、米国時間中盤から手仕舞いする傾向があるとも考えられるかな。チャート張り付いているときの感覚とほぼ一致していそう。
#BTC
































