#Bitcoin and the overall crypto market have been moving sideways with low volume, coinciding with the Christmas holiday and the weekend. As we move through the week, U.S. stock markets will remain closed on Wednesday for the New Year holiday, keeping market activity subdued. Additionally, the economic calendar appears calm, providing fewer data points to drive significant movements. #BinanceAlphaAlert
Market Data and Updates:
• Spot Market Activity: Binance remains on the sell side, while Coinbase continues to show buying activity. Coinbase’s sustained buying position is a highly positive indicator for market sentiment.
• Whale Activity: Large-scale investor movements have dropped to near zero, reflecting the quiet state of the market.
• Funding Rates: These remain at normal levels, suggesting a balanced risk outlook among participants.
• Long Positions: Long ratios are low, indicating a cautious approach from traders.
• ETF Purchases: Ongoing ETF purchases are a positive signal for long-term confidence in the market.
• Liquidations: Most long liquidations have been cleared, reducing short-term market risks.
⚠️ This liquidation heatmap shows the levels where long and short positions on $BTC are concentrated on Binance. Yellow and green areas indicate high liquidation risk, while purple and blue areas represent lower risk zones. The 92,000 USDT level stands out with significant liquidation clusters, while pressure is also visible above 94,000 USDT. As the price approaches these levels, volatility is likely to increase.
Technical Overview:
Bitcoin’s trend structure remains positive. However, for Ethereum and altcoins to reflect similar optimism, Ethereum needs to break above the $3,600 level. Although technical metrics have slightly pulled back due to the lack of volume, the overall market sentiment continues to lean positive. #BTCBelow92K
The quiet nature of the market during the holiday season can serve as an opportunity for traders to step back, refresh their minds, and develop clear strategies. A calm and focused mindset often leads to more successful trades. While this week is expected to remain uneventful, volatility is likely to pick up after the holiday period.
Market updates will be shared as significant changes occur. Wishing everyone a profitable and productive week!
