Huge market volatility could be looming...
COINBASE:BTCUSD
COINBASE:ETHUSD
BITFINEX:BTCUSDSHORTS
BITFINEX:BTCUSDLONGS
Top 69 BTC whales only bought about 7000 BTC despite over 30,745 BTC leaving exchanges on 3/11.
I also notice this big order (30745 BTC ) splits into multiple smaller orders (98 BTC ) subsequently, and "BTCUSDSHORTS" in Bitfinex exchange rising fast (The vertical black line represents that more than 10,000 BTC flowed out of the exchanges).
There are 3 possibilities:
1. OTC or it could be an internal transfer of exchanges (Neutral)
2. Actual market demand (Bull market: Supply squeeze)
3. Whale's trick that will cause wild swings in the market (Wash the market: Short-squeeze and Long-squeeze)
Please be aware of possible events: Short-squeeze and Long-squeeze, that is huge market volatility could be looming.
Addition, keep the eye on "Exchange Netflow" to monitor whether these small orders (98 BTC ) returned to the exchanges quickly.
----------------------------------
Analyst of cryptocurrency Yu-Shiuan Chen (CQ & Tradingview Taiwan)
COINBASE:BTCUSD
COINBASE:ETHUSD
BITFINEX:BTCUSDSHORTS
BITFINEX:BTCUSDLONGS
Top 69 BTC whales only bought about 7000 BTC despite over 30,745 BTC leaving exchanges on 3/11.
I also notice this big order (30745 BTC ) splits into multiple smaller orders (98 BTC ) subsequently, and "BTCUSDSHORTS" in Bitfinex exchange rising fast (The vertical black line represents that more than 10,000 BTC flowed out of the exchanges).
There are 3 possibilities:
1. OTC or it could be an internal transfer of exchanges (Neutral)
2. Actual market demand (Bull market: Supply squeeze)
3. Whale's trick that will cause wild swings in the market (Wash the market: Short-squeeze and Long-squeeze)
Please be aware of possible events: Short-squeeze and Long-squeeze, that is huge market volatility could be looming.
Addition, keep the eye on "Exchange Netflow" to monitor whether these small orders (98 BTC ) returned to the exchanges quickly.
----------------------------------
Analyst of cryptocurrency Yu-Shiuan Chen (CQ & Tradingview Taiwan)
