BTCBitcoinNeutralBitcoin

7/8/2022 on

Miners hedging positions against future falls?

Miners in general continue to make transfers to the derivatives market. The miners' reserve has decreased in the last two weeks by 4300 #BTC. Possibly these transfers to the derivatives market are hedges against future falls and not with the intention of selling (imo).  

BTCBitcoinBearish(Nuanced)Bitcoin

6/14/2022 on

BTC on the brink of a big sell-off?

Is it possible that we have a sell off for BTC? Well, it could happen with all the turbulent market news. But more specifically because of the inflow of more than 23.700 BTC to the spot market from the Gemini exchange from a wallet that contains between 1k and 10k BTC (whale). This inflow could be used to trigger a big sell-off. Another aspect is that this inflow represents a significant destruction of old coins that flows into the spot market. We'll see what happens...     

BTCBitcoinBearishBitcoin

6/7/2022 on

Let's see how they did the pump and dump...

1- Entry of 9.220 BTC in the derivatives market (DM) 2- Entry of 109M USD to the spot market to raise the price 3- Pumping of the spot market price 4- Closing of DM positions and entry of BTC in the spot (preparing the dump) 5. Price dump  

BTCBitcoinBearishBitcoin

6/6/2022 on

Why has the price in BTC been pumped? Is the price increase real?

Well, like last time, I don't think it's real, but let's see why... 1- Yesterday at 15:22 entry of 9,220 BTC in the derivatives market from a portfolio of 1k and 10k BTC. 2- A few hours later, entry of 109,218,776 USD to the spot market. Then it decreases so they have been spent. Gasoline to raise the spot price. 3- Following hours the spot goes up in a night time with little liquidity. Leave a bad auction. 4- The rise with a negative delta, indicative of a lack of buying activity.     

BTCBitcoinBearishBitcoin

6/3/2022 on

Possible bottom or not for BTC..

Much is said about a possible bottom or not. Historically the Net Unrealized Loss (NUL) has indicated a possible bottom. If we analyze the chart we can identify possible bottom when the value of NUL > 0.5 and corrections with NUL < 0.5. Therefore, according to the NUL we are in the correction phase (possible downtrend). I think we still need more important drops to see an exponential increase in the NUL (> 0.5) and identify a possible bottom.