Title: Dead as a Ditch, What Dirty Tricks Are the Market Makers Plotting?
Bitcoin is now pinned in a cage between 81,900 and 86,000—a range of less than 5%. The Bollinger Band width has shrunk from 11.6% all the way to 4.9%. The 30-day moving average of the volatility index fell below its annual average on September 12, hit a low on October 6, and now stands at 1,768, compared with an annual average of 1,828. In plain English, the ratios of money flowing in and out of the market and of aggressive buys to sells are all flatlining. Market-maker order book depth is paper-thin, and no one dares make the first move.
This kind of extremely compressed market structure is often where the big players place fake orders at key levels to accumulate. A line of stop-buy orders is stacked above 86,000, waiting to get swept, while below 81,900, leveraged longs are lined up at their liquidation levels. In the short term, if volume doesn’t pick up, an upside breakout is most likely a fakeout—a spike followed by a pullback that takes out late buyers. A plunge below 81,900, on the other hand, would trigger cascading liquidations and a sell-off. That’s when the real blood-in-the-streets bargains appear.
Longs, is your average cost for BTC still above 85,000? Is there enough room for you on the rooftop?
$BTC $ETH $SOL
Bitcoin is now pinned in a cage between 81,900 and 86,000—a range of less than 5%. The Bollinger Band width has shrunk from 11.6% all the way to 4.9%. The 30-day moving average of the volatility index fell below its annual average on September 12, hit a low on October 6, and now stands at 1,768, compared with an annual average of 1,828. In plain English, the ratios of money flowing in and out of the market and of aggressive buys to sells are all flatlining. Market-maker order book depth is paper-thin, and no one dares make the first move.
This kind of extremely compressed market structure is often where the big players place fake orders at key levels to accumulate. A line of stop-buy orders is stacked above 86,000, waiting to get swept, while below 81,900, leveraged longs are lined up at their liquidation levels. In the short term, if volume doesn’t pick up, an upside breakout is most likely a fakeout—a spike followed by a pullback that takes out late buyers. A plunge below 81,900, on the other hand, would trigger cascading liquidations and a sell-off. That’s when the real blood-in-the-streets bargains appear.
Longs, is your average cost for BTC still above 85,000? Is there enough room for you on the rooftop?
$BTC $ETH $SOL