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đ With this move from $63.3K to $67K, we've seen OI increasing significantly while the price rises. Meanwhile, funding is dropping. This is a similar structure to a previous setup (see post below). Ready for some action? đ„
#bitcoin
#oi
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Avertissement : comprend des opinions de tiers. Il ne sâagit pas dâun conseil financier. Peut inclure du contenu sponsorisĂ©.
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đ #BTC cycle pullbacks (weekly): -22.56%, -20.23%, -21.5%, -23.44%, -25.58%, -29.19%, -17.72% đ Stats: âą Median: -21.5% âą Average: -22.89% âą Current: -21.07% đ A pullback in line with the median/average would place BTC around $85K-$86K. If we match the largest drawdown (-29.19%), that would bring us to $77.5K. đ
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BTC is just 5.5% away from its ATH, and hereâs the funding heatmap. Absolutely wild. đ
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In the last 5 days, the ETF has scooped up 32,420 BTC, worth approximately $2.1 billion. âłTik-tak, clockâs ticking... #BTCâ ETF Inflows going strong
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OI is at my key orange line, where big moves (flushes) tend to happen. â ïž Stay alert! Which direction are you taking? đ #BTCâ #Volatility
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Strong ETF inflows đ over the past two days (Friday & Monday) saw 13,060 BTC scooped up. Letâs compare that to Bitcoinâs issuance since the last halving: âą Daily: ~450 BTC âą Weekly: ~3,150 BTC âą Monthly: ~13,950 BTC âą Quarterly: ~41,850 BTC âą Yearly: ~164,250 BTC Who says ETF demand doesnât impact BTC dynamics? For reference: A total of 332,320 BTC has been bought since the ETF launch in late January 2024!
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