I developed the liquidations simulations model for @BlockAnalitica’s @spark_protocol risk dashboard! Follow this thread to learn about the methods and math I used to; 1) filter wallets; 2) calculate key metrics and 3) simulate liquidations.
🔗https://t.co/uZfrL90RIk
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Interesting to see how fast a pattern turns from bull to bear.... Bull flag breakout with waning momentum= rising wedge ... lets se where the daily close will land us.. @DefiKingdoms
$DXY approaching its 20 year old downwards sloping trendilne.. would be interesting to see if it can manage a break out in theese inflationary makro conditions. Seem like its is more likely to be rejected and contiue to move down...
To elaborate more, given the current status of the crypto markets... i would guess that bearish times is the more likely outcome :(.... But i would be surprised if it were worse than the summer of 2021 in duration and severity...
Bitcoin dominance currentlly at the bottom of its structure....At the same time the RSI has been printing higher highs and higher lows ever since the mega alt season in the spring...... This could hint at two things either :
-BTC season is at the horizon
-Bear-ish times ahead
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