Rom.btc

BTC + Defi Protocols
Trading Data

[Rom.btc @blockhiveio]

@SynapseProtocol when btc?

[Science Simplified @Scivf4]

Radar tracking system

[Byzantine General @ByzGeneral]

Dang, someone started limit selling on Coinbase since the Iran war news I believe.

But there are some decent bids in the spot books around 60k. Let's see if it can hold again.

$BTC

[Rom.btc @blockhiveio]

@SynapseProtocol Hello, when will BTC option be available?

[Rom.btc @blockhiveio]

@BWarburg bring it back!

[McKenna @Crypto_McKenna]

Bears attempting their best to drive BTC below $60K and see another round of continuation.

Every failed attempt indicates that higher timeframe momentum to the downside is becoming exhausted.

Not in the business of calling pico bottom but can surely say we are in a very interesting spot as it relates to where we are in the market cycle.

[exitpump @exitpumpBTC]

$BTC We are back huge demand zone, positive OB imbalance increased to extreme levels again. But, think price dives deeper below 60K for this time.

[Byzantine General @ByzGeneral]

$BTC has some passive demand sitting around $60k, it looks like it's gravitating towards that right now.

[Skew Δ @52kskew]

$BTC
Single algo bidding price up here

my guess someone wants to front run the open move

[Byzantine General @ByzGeneral]

We're in an interesting spot now. We had a historic level of liquidations, high volume, and the local low at 60k got taken out.

It still looks ugly of course and it's gonna need a lot of time to recover, but it's reasonable to assume that the big puke is over.

bitcoin:native

[Wu Blockchain @WuBlockchain]

Wintermute: Long-Term Funds Are Buying BTC in OTC Tranches

Wintermute, a leading crypto market maker and OTC desk, said crypto has failed to follow the broader risk-asset rally for two straight weeks, as about $2 billion flowed out of BTC and ETH ETFs while fresh capital moved into AI stocks and small caps. The firm said long-term funds have started buying BTC in batches through OTC desks, seeing current levels as attractive on an 18-month horizon, with key downside support around $60,000 to $65,000. https://t.co/cWspkCjeqQ

[Skew Δ @52kskew]

$BTC 1D
Price approaching Quarterly Open here
POC below that

[Skew Δ @52kskew]

$BTC
Update
After yesterdays rejection & failed attempt to save the market, consequently we're seeing pretty standard bleeding price action as spot buyers bail from losing positions

notably in perps with each drive lower we're seeing more & more short positioning as the market is positioning for a HTF breakdown

so far this EU - US session we're seeing significantly more aggressive shorting, could be related to further outflows from Spot ETFs like IBIT yesterday

[Skew Δ @52kskew]

$BTC
Important technical area here for the market
- Weekly Open
- Daily VWAP
- LTF trend

[exitpump @exitpumpBTC]

$BTC Every day around NY open shorts get aggressive during dump. Sentiment is really bearish based on the positioning.

[Skew Δ @52kskew]

A week of constant short aggression on any & all LTF dips

yet price sideways, interesting
$BTC

[Skew Δ @52kskew]

Seems most alts have reversed their move from early may 👀

Which explains this $TOTAL3ES chart

Big week

[Skew Δ @52kskew]

bitcoin:native
LTF crack of $80K, however pretty clear there's an underlying seller capping price momentum here

someone doesn't want higher prices

[Skew Δ @52kskew]

bitcoin:native
So far looks pretty algorithmically driven

basically an algo positioning long into current price action

would keep an eye on spot flows from here since it was initially driven by spot buying the LTF dip

[Staked on Numerai @ErasureStaked]

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