On-chain data on September 21 - Liquidation chart analysis:

Bitcoin market maker liquidation chart: The liquidation chart shows rising chips after adjustments on Wednesday. The chip pain points are concentrated and intraday fluctuations will be large. The market is brewing for a breakthrough, with an upward trend in the medium term. 27500 will be tested again as a key liquidation position and overlapping pressure level. .

Position 26600-26750-27350-27450 is regarded as a pain point for today's liquidation. The difference between long and short distribution is small. Now the profit and loss ratio of short orders is better, and the market needs to digest emotions.

Short order liquidation:

The short position liquidated 200 million chips at the first position above 27350, and liquidated the pain point chips at 350 points upward.

The second position is 27450 to liquidate 500 million chips, and the upward trend is 450 points to liquidate pain point chips.

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The TD9 callback starts within the day, and the probability of downside is greater, with the preference for long order liquidation.​

Long order liquidation:

The first clearing pain point for long orders is 26800, which can realize the liquidation of about 150 million chips, and the liquidation is completed by 150 points downward.

The second position of the long order is 26750, which can realize the liquidation of about 300 million chips, and the liquidation is completed by 200 points downward.

The third position of long order is 26600, which can realize the liquidation of about 500 million chips, and the liquidation is completed by 350 points downward.

The callback trend starts within the day. If it goes up, you can open a short position. The general direction is bullish, but the callback within the day has officially started, and the downtrend will be more beneficial.

Data on the chain:

1. Realized price basis: The comprehensive cost of short-term Bitcoin holders is roughly around 28,000, and the current average is a loss.

2. BTC exchange net position: outflows have accumulated, the number of outflows exceeds that of Ethereum, and most of the selling pressure has been absorbed in the short term.

3. Today’s OTC oil price is 7.35-7.4, today’s US dollar exchange rate is 7.13, and the current premium rate is 2.9%. There is a premium in oil prices. Considering regulatory issues, the premium will need to last for a period of time.

Long-term bullish, but a correction will begin within the day. #BTC #ETH $BTC $ETH