📉🤔 Molto poco Bitcoin è stato scambiato tra $70K e $75K. Questo lascia un'area sottile di storia dei prezzi. Bitcoin spesso torna a visitare e riempire questi gap.$BTC $BNB
Questo è esattamente il dinamico che stavo cercando di descrivere nel post precedente. Un'altra spinta, ma poi un possibile massimo. Il rally non era sostenibile. $XAU $PAXG $XAG
Today, ISM came in at 52.6%, the highest reading in the last 40 months. That puts U.S. manufacturing back into expansion.
Historically, strong altseasons only started after ISM began trending higher. In both 2017 and 2021, the biggest altseason began after ISM pushed above 55%.
We are not at 55% yet. But this is the first sign that the macro condition blocking altseason has started to fade.
🗞️ Spot demand Is drying up : Bitcoin enters its 5th month of correction
We are now entering the 5th consecutive month of correction for Bitcoin.
This correction has been largely driven by the October 10th event, which led to a massive destruction of liquidity, particularly in the futures market. In a single day, Open Interest dropped by more than 70,000 BTC, representing over $8B wiped out. But this is not the only factor at play.
Overall market liquidity is also under pressure, as reflected by stablecoin outflows from exchanges, as well as a roughly $10B decline in stablecoin market cap over the period.
At the same time, developments in spot market volumes are equally telling.
Since October, BTC spot volumes have been cut in half, with Binance still holding the largest share at $104B. For comparison, in October, volumes on Binance had nearly reached $200B, versus $53B on Gate.io and $47B on Bybit.
This contraction in volumes has brought the market back to levels among the lowest observed since 2024, suggesting a clear disengagement from investors in the crypto market and, consequently, weaker demand.
The current environment remains uncertain and does not encourage risk-taking. For a sustainable recovery to take place, it will be essential to continue monitoring this trend and, above all, to see spot trading volumes return.$BTC $XRP
✅ Short-Term Holders are in loss (this has already happened) ⏳ Long-Term Holders start carrying losses (this has not happened yet — this is when the real bottom forms))
Additionally: 🔴 The bear market only ends when the STH Realized Price falls below the LTH Realized Price. 🟢 The bull market begins when the STH Realized Price moves back above the LTH Realized Price, after the bear market has fully played out. We track this with a dedicated chart to alert you when it happens.
Everyone's talking about the bubble in AI companies, but the real bubble is in Gold.
And it looks like that bubble just popped.
"The out-of-this-world spikes tend to occur at the end of a cycle." – Cathie Wood
We saw that spike, a 14% move up in just 1 week.
Might not sound like much for crypto bros, but we're talking about Gold, the #1 asset in the world at $32 trillion vs. $1.5 trillion BTC. That's a massive move.
And now the bubble has popped. A -21% drop in just 2 days, which erased a whole month of gains.
A structural shift is happening in global risk assets, and it's something we should be watching closely.$XAU $PAXG
🚨I volumi delle opzioni call per gli ETF dell'oro e dell'argento sono esplosi a livelli SENZA PRECEDENTI:
Il volume combinato delle opzioni call per l'ETF dell'oro, $GLD, e l'ETF dell'argento, $SLV, è aumentato a quasi 6 milioni venerdì, il più alto di SEMPRE.
Questo è più del DOPPIO dei livelli visti nella frenesia dell'argento del 2021 e il TRIPLO dei tipici giorni ad alto volume visti negli ultimi 5 anni.
Nel frattempo, i detentori di opzioni call a lungo su questi fondi hanno subito perdite catastrofiche mentre l'oro è crollato del -12% e l'argento è precipitato del -36% venerdì, segnando i peggiori cali in un solo giorno nella STORIA.
We are back at capitulation levels on the Risk Index. Are we bottoming out as seen in previous extreme readings, or is a deeper capitulation still ahead?$BTC $XMR
$DASH a bull demand zone is formed, bulls first attempt to go higher, 46.7-47.14 ex support now act as resistance, and for this bounce the EMA50 and weekly average around 52 area should be a possible target for the bounce. Negative would be a close below the low of this 4H candle.