Hi all.
I was a bit busy today, I didn't plan to post anything, but 10 minutes ago I just had 16,835BTC (equivalent to 663.6 million USD at current price) just withdrawn from the floor, so I posted it again.
About my reaction to the market, I am still busy with some personal things, so I only hold for a long time, not trade as often as before. Most of my trading accounts are running bots now.
Hope everyone is calm and confident, making the right decisions.
Situation today:
ON PROFESSIONAL OPTIONS FLOORS:
$2.2 million long BTC/ $117.5 million short BTC
11.9 million USD long ETH/ 7.67 million USD short ETH
-> ETH and BTC today are moving in the same direction, with BTC undervalued to go lower than ETH.
ON FUTURES FLOORS:
47.7% sharks on Binance long BTC, up 0.2%
49.4% sharks on Binance long ETH, down 1%
-> for shark traders, sentiment is warming back to BTC, while opinion on ETH has clearly turned.
STABLECOIN OUT/IN THE FLOOR:
Today more stablecoins are flowing out than in, a common sense when the market, especially individual investors, bleeds. More than 223 million USD net withdrawn from the market, most of them on exchanges with many individual investors.
NUPL:
BTC: 53.19%, down from 53.58% yesterday
ETH: 70.99%, up from 69.96% yesterday
Notably: The number of wallets >10,000BTC decreased by 1, but the number of wallets>100BTC increased by 19.
Disclaimer and additional information: Data is taken during the day from the 7 most commonly used analytics services, subject to certain errors in quantity and timing. When we say "exchanges", we mean the aggregate data of Coinbase, Binance, Bitfinex, Bitstamp, FTX, Gate.io, Huobi, Kraken, KuCoin, Okex, Poloniex, Balancer, SushiSwap, Uniswap and some exchanges key translation of each different territory. This is personal analysis/information and is not intended as investment advice.