Crypto investor & Data analyst
CryptoQuant verified author
Materials Science & Engineering Ph.D
Key on-chain data and chart analysis are posted in highlight
✖️1. Hyperliquid whales turn to a bullish stance
✅2. Bitfinex whales finish buying $BTC long positions
✅3. The negative premium of the Kimchi Premium and the Coinbase Premium disappears
A full-scale rally will begin when these three conditions are satisfied.
Following the disappear negative Kimchi Premium, the negative Coinbase Premium has also disappeared. Two conditions have been satisfied.
All that remains is for Hyperliquid whales to shift to a bullish stance. That will be the start of a real rally.
✖️1. Hyperliquid whales turn to a bullish stance
✅2. Bitfinex whales finish buying $BTC long positions
✖️3. The negative premium of the Kimchi Premium and the Coinbase Premium disappears
A full-scale rally will begin when these three conditions are satisfied.
Currently, only one condition is satisfied. Hyperliquid whales must shift to a bullish stance, and the Kimchi Premium and Coinbase Premium must turn positive.
Full upside pressure has not yet emerged. There are still whales exerting downward pressure, and buying power from the US and Korea remains insufficient.
$ETH is breaking through the resistance zone.
Once it breaks through the current zone, subsequent resistance will become very small. This will lead to a bigger rise.
The bitcoin:native CVD indicator shows buying by whales.
Whales are quietly continuing their buying. Although not on a large scale, they are buying steadily.
Purple and red whales are leading the buying.
On the other hand, the retail investor group continues to sell.
The ripple:native accumulation remains strong. The accumulation score is still 100.
It is currently approaching the upper line of the accumulation zone.
The end of the short-term accumulation is drawing near.
The MACD and EMA trends are still forming bullish momentum.
ripple:native is showing a strong accumulation signal.
The accumulation score is very strong at 100.
The MACD and EMA trends are forming bullish momentum.
$ETH has reached the Point of Control.
It is attempting to break through the largest resistance line again.
The bullish trend is still being maintained.