Alexander Cimen

gm and a thriving tuesday! ☀️ Time for your daily bitcoin update: orderbook, heatmaps & futures data! 1) From a pure chart perspective, BTC is looking really strong. We've seen a failed breakdown and successfully reclaimed the old range. However, what definitely shouldn't be overlooked is the Open Interest (OI), which has risen by about 9% in the last two days, an increase of $600M. Additionally, the outflows from GBTC are decreasing day by day, and the net inflows into ETFs are also looking positive. This strength in the market is something that should certainly not be blindly faded. 2) In the heatmap, there are some slight changes again. Overnight, increased liquidity has been added in the area below $44k. We touched this zone and faced a slight rejection, but there's still a significant amount of liquidity there. Below us, the area between $38k and $39k is growing larger. This dynamic suggests that while there's some resistance at the higher level, there's also a growing support base forming at the lower levels, which could be crucial for future price movements. 3) In the order books, the trend of the past few days continues. We're mostly flat, but there's a slight downward trend on both the bid and sell sides. This ongoing pattern suggests a cautious market sentiment, with neither buyers nor sellers taking a strong stand. Good luck with your trading today, degens! 🎯 For comprehensive research papers and access to a private chat, join alpha dojo for more insights. Link in bio. We are launching soon! 🔝

VALKYRIE EXPECTS SPOT BITCOIN ETFS TO GO EFFECTIVE WEDNESDAY WITH TRADING BEGINNING THURSDAY - THE BLOCK