Market Maker Sell Model is a MM model for markdown of an asset. Let's repeat the basics: in order to accumulate a short position, the LC uses the pending/emerging buyside liquidity - the demand is absorbed at the expense of the LC's supply. Being in a conditional range where there is not enough liquidity, the LC needs to algorithmically + intentionally markup the asset to the buyside lq pool → accumulate a short position → by means of an algorithm, deliver it to one of the opposing sellside liquidity pools → realise the previously accumulated volume.
The "Tower" top is a reversal pattern in candlestick analysis, which portends the break of an uptrend or its correction. The name is mainly connected with the appearance of this figure. It looks like a small tower formed at the top of the chart. It is formed by long candles on the edges and small candles in the middle, at the top.
Conditions for the formation of this pattern:
1.An uptrend is observed on the chart. 2.One long green candlestick or several green candlesticks of medium or long length appear consecutively. They form the first (left) "wall". 3.Then about 3 short candles ("waves") of any colour are formed sequentially at the top. 4.After them a long black candle or a series of black candles of medium or long length is formed. As a result, a kind of "tower" should be formed, so that the decline reaches the level from which a strong rise started earlier.
📌 On December 2, Bitcoin spot ETFs had a total net inflow of $354 million. BlackRock ETF IBIT had a single-day net inflow of $338 million. The total net asset value of Bitcoin spot ETFs is $103.909 billion.
Altcoins are pumping while BTC seems to be waiting for something. We buy when people are scared and when they get excited is when we can take profits and wait for the next market drop. 🤫
Bitcoin and Ethereum Options Expiry – Black Friday, Nov. 29
Tomorrow at 08:00 UTC, $9.42 billion in Bitcoin options and $1.47 billion in Ethereum options will expire, potentially influencing market volatility. Data from Deribit provides the following key details:
Bitcoin (BTC)
- Max Pain Price: $80,000 (price where most options buyers lose, and sellers profit the most). - Calls Value (Bullish Bets): $5.15 billion - Puts Value (Bearish Bets): $4.27 billion - Put/Call Ratio: 0.83 (more bullish bets than bearish). - In-The-Money (ITM) Options: $4.1 billion (73.4% are profitable calls). - Out-of-The-Money (OTM) Options: $5.33 billion (92.7% are unprofitable puts).
Ethereum (ETH) - Max Pain Price: $2,900 - Put/Call Ratio: 0.74 (stronger bullish sentiment compared to BTC).
Implications
1. Volatility Likely: Large expirations often trigger market swings as prices gravitate toward max pain levels ($80,000 for BTC and $2,900 for ETH). 2. Bullish Sentiment: Higher bullish (call) activity suggests optimism, but actual price movements will depend on market dynamics around expiration.
Traders should monitor closely, as tomorrow’s expiry could bring significant price action.