BTC : Dump & Hovering around Ranges while Alts find space to expand ?
BTC Technical Tri-Weekly Newsletter
Intro:
We have prepared a concise Quant report to assist you in navigating through Bitcoin and Crypto markets.
This report includes some essential data stats like Divergence charts, NPOC levels, Exchange Flows, Funding rates, and liquidation levels. Also added a brief explanations clarifying the underlying concepts behind these stats.
Towards the end, i have provided my opinion on the approach to the market .I hope this provides you with valuable insights as you read through.
Lets delve into this:
BTC Chart with Divergence
15m
Spot CVD: Neutral
Margin CVD: Bearish
1Hr
Spot CVD: Neutral
Margin CVD: Bearish
4Hr
Spot CVD: Bullish
Margin CVD: Bearish
Daily
Spot CVD: Bullish
Margin CVD: Bearish
Note: Divergence charts used to identify potential price trend reversals or continuations.
Bullish divergence indicates a potential reversal to the upside ,
while Bearish divergence suggests weakening upward momentum.
NPOC Levels (BTC )
Daily
Above : 46000 (Open)
Below : 39500 , 38800 & Below
4hr*
Above : 47200, 45700 , 43600
Below : 40000 (New fresh nPOC)
(ETH)
Above : 2560 , 2600 (Daily)
Below : 2500, 2400, 2380
4hr ETH nPOC chart
Note: nPOC helps to identify whether the current POC is unusually high or low relative to historical data, provide insights into the strength or weakness of a price level.
Funding rate:
OI Weighted Funding: 0.0107% (Dropping since 9th Jan)
Major Alts Funding rates Heatmap
Since 3rd Jan , Dump in BTC and ALTs , resetted the Funding rate
TIA -ve Funding , BNB , TRB, INJ relatively high FR.
Exchanges Balance: Inflow/Outflow
170 Daily Inflow
15260 Weekly Inflow
Note: Positive funding in trading represents periodic payments from long positions to short positions in a perpetual futures contract. A deviation from neutrality suggests an imbalance in market positioning
+FR means positions are dominated by Long side participants , while vice versa for Short FR .
Traders closely monitor funding rates for strategic decision-making.
Liquidation Map
BTC/USDT price (Binance) , Aggregated Exchanges
X-axis represents the mark price, while the Y-axis represents the relative intensity of liquidation.
Higher "liquidation bars" indicate a stronger reaction due to a surge in liquidity.
Here , the higher depth of liquidity residing at 45.6k upside and 44.1k downside
Looking at overall exchanges liquidity :
42900 - 43700 upside while
42200 - 41400 downside
This chart representing clear view on liquidity residing on levels . here Price above 43k is large residing liquidity.
Liquidation Levels (Tier 0)
Total Liquidations: Short 240 , Long 11
Active Long posi. size : $ k 560
(Tier 1)
Total Liquidations: Short 201 , Long 11
Active Short posi. size : $k 510
Liquidation Heatmap (Binance)
Upside : Bright cluster Liquidity around 43.2k, 43.5k , 44k .
Downside : Below 42.5k
12 Hr :
Weekly:
Upside : 50k , 55k (Liquidity cluster start to creating)
Downside : 37550
Note : Liquidation level & Heatmap represent, price at which a trader's position is automatically closed to prevent further losses. Traders set liquidation levels to manage risk if the market moves unfavourably ,
Above Liquidation and heatmap level indicates potential liquidation levels of existing position in the trades
Conclusive Insight:
LTF
(13th Jan BTC Daily Chart)
Looking through Divergence: Spot CVD is Bullish While Margin CVD Bearish.
Funding : Since 12th jan dump , Funding slowly climbing but price yet not reacted, seems position building across the board.
Exchange balance: Since 3rd Jan dump and recent manipulation absorbed the inflows in the exchanges , Now days previous flows are minor to around 1k-2k BTC.
Liquidation Levels & Heatmap :
Liquidation Levels : Skew Imbalance have not changed since 13th Jan , Short are still dominated while leaving huge liquidity to the upside in LTF.
Granularity_0 liquidation showing skew highly imbalanced between Short and Long position , Short side participant are dominated short posi. with 560k size.
while granularity_1 liq. participants representing same skew dynamic as with Granularity_0 with overall short size dominated with 510k.
Heatmap : indicating bright cluster of liquidity upside toward 42.9k, 43.4k , 44k , this possibly could drive price toward upside run .
Looking through liquidity residing around overall exchanges : 42900 - 43700 upside while 42200 - 41400 downside are highly susceptible for LTF price target.
My opinion :
So far our report is been able to finding possible dominated move in the market and further next move.
As we discussed in our report previously and regularly about the key importance of 48k HTF level , Price been manipulated around this region , took above liquidity and dropped to 15% to 41.5k .
Wat now ? We anticipating price now to take upside liquidity toward local Range high where relatively larger liquidity are consolidated at LTF .
In the mean , expecting BTC to range and Alts to find some space to expand along with ETH .
I must suggest to look our weekly crypto price action newsletters that cover almost all key Altcoins review and insight : “ Weekly Crypto Market Review”
Thank you for reading our report. Hope our report been helping you in gauging the market force . As we look ahead, we're excited to continue sharing reports and insights. Subscribe to our newsletter, and we'll deliver it straight to your email, so you don't have to search for this alpha manually. Until next time, happy trading, and stay tuned for more updates.