Bitcoin 
$118,429.74(BTC) price of 104–114 thousand dollars in the range of the new “liquidity gap” after testing all the time of all time fall. While the price was cooling out, the exit from the traditional capital was observed, while the crypto currency derivative markets maintained optimism. While Glassnode is wondering which front pressure will develop, the risks and opportunities caused by this separation in the last report he deposited.
Spot and futures markets give mixed signals
Spot in the market Relative power index (RSI) declined from 74.4 to 51.7 and revealed the receiving fatigue. Although the daily volume falls to $ 8.6 billion, the desire to recover at the Spot CVD shows that the demand is returning. The open position in the futures markets remains at a high band with 45.6 billion dollars, while increasing rise direction (Long) funding rate It supports the expectation of rapid recovery of leverage investors.
The option façade points to uncertainty. Open position Volatility scissors rose by 77 percent, although decreased by 2.2 percent. The market is looking for protection and opportunity at the same time. 25 Delta curvature remains slightly positive reflects that the large decrease insurance is reduced. This dual signal keeps both upward leap and sudden withdrawal. Crypto investors’ application – the reason will surprise you!
What do ETF flows and blockchain internal data say?
ETF A cautious brake in the channel is in circuit. Net entrances decreased to 496 million dollars and fell 80 percent on a weekly basis. The transaction volume fell to $ 18.7 billion. However, ETF MVRV ratio is at 2.4. The funds still carry unrealized snow and a possible profit intake can be triggered. Corporate capital is for now in “Wait – Gör” mode.
In -blockchain data reflects fresh capital input as well as cooling. Active addresses decreased by 2.4 percent to 708 thousand, the transfer volume decreased by 23 percent. However, the increase in wages and the realization of the Capital Change to 6.6 percent proof that new capital flows into the network. 96.9 percent of the supply remain in the snow, while the rise in the STH/LTH rate and the “Hot Capital” share indicates that speculative heating does not completely extinguish.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
