I've been trading crypto for several years.
During this time, I've completed:
- 250+ analyses with 64% accuracy
- Survived a bear market without losses
- Developed a covered call option strategy for passives
Starting tomorrow, daily reviews and levels for BTC/ETH
Follow. 👋
While there's no immediately obvious trigger for Bitcoin's latest leg down, the dip below $75,000 comes as Bitcoin ETFs had a terrible week, shedding over $1.25 billion worth of investments amid a six-day streak of outflows per data from Farside Investors.
🏫 Harvard’s endowment fund continues to exit the crypto space—having further reduced its stake in BlackRock’s Bitcoin ETF by 43% and completely divested from its Ethereum ETF.
However, while Harvard is de-risking, Abu Dhabi’s Mubadala fund is doing the exact opposite—increasing its holdings of IBIT to nearly $566 million. Clearly, major capital views the market through very different lenses. 😂
@Nebraskangooner It simply failed to break through the trend line, and sellers closed their positions right at that price level. The trend line is never breached on the very first attempt.
#BTC#ETH
$2.63 Billion in Options Expire Today on Deribit
Today, crypto options totaling over $2.63 billion are expiring on Deribit.
For BTC: $2.01 billion notional value; Put/Call ratio — 0.55; Max Pain — $80,000.
For ETH: $625 million notional value; Put/Call ratio — 0.39; Max Pain — $2,300.
The size of this expiration has increased significantly compared to last week, while the Put/Call ratio has declined. This indicates a persistent skew toward call options and bullish bets.
The cryptocurrency situation has remained unchanged for two weeks.
ethereum:native
Ethereum is trading within its established range; if it holds this position today, it will proceed to test the $2,400 level.
As for Solana—overall, just as I predicted—it proved to be strong. At that moment, the trade was showing a nice profit. It has since pulled back slightly and will now consolidate.
solana:So11111111111111111111111111111111111111112
Overall, Solana currently looks stronger than any other crypto asset.
1. It did not undergo a correction yesterday.
2. It rose by 1.5%, unlike its direct competitors, ETH and BTC.
3. It has upside potential to at least $97—representing a minimum gain of 4%.
Well, colleagues—Bitcoin is holding above $80,000 amidst macroeconomic pressure.
Currently, Bitcoin is trading at $80,648 (+0.22%)—and this, incidentally, is despite the fact that it dipped below the $80,000 mark earlier in the day.
The word is that this is all due to the US Consumer Price Index coming in at -3.8%.
What are your thoughts? 😎