WaterExpoChaos

CVD going in such a straight line like this is quite rare.....
Looks like a flat-lined EKG doesn't it........

# Today's Market Review
-- Yesterday, they manipulated a big move over 12 hours of grinding. Today, the 75k gamma squeeze script is already written... Just waiting to see if the bulls want to make a move...
Let me review yesterday first. Yesterday basically played out according to the script...
**Chart 1**
The 70.8k contract's naked short position continuously pressed for 12 hours...
But spot has been continuously selling off, while simultaneously unable to break down. Formed a consistent high point (due to contract suppression).
But the lows kept forming higher in a wedge pattern... looks exa

Today's Market Overview -- Yesterday we spent 12 hours manipulating a major move. Today's 75k gamma squeeze script is already written...
Just depends on whether the bulls want to make a move...
(Trying a single thread format today, updating as I write. Click to see full text↓)
First, let's review yesterday. Yesterday basically played out according to the script...
The 70.8k futures contract pinned the price down hard for 12 hours..
But spot has been selling off the whole time, yet couldn't push lower. We saw a consistent high (due to futures suppression) but lows kept getting higher in a wedge

# Today's Market Analysis -- Up or Down? Bulls and Bears Are Clashing Here
The market has been quite fierce lately.. Let me explain why.
**Figure 1** Let's approach this directly from the order book imbalance angle. In the period after 60K, the price action has actually been quite orderly. Both upside and downside reversals have occurred when order book imbalances were severe.. and the reversals have been remarkably regular, with price basically returning to the mid-range within 1-2 days. (Green)
The only time it held up for a longer period was February 13~15 those 3 days.. (Yellow box) It mad

Today’s Market -- So Strange, Is There a Market on Binance Spot That Can’t Be Moved?
Today’s Asian market is quite peculiar. Let’s start by looking at the funding situation.
Figure 1: Starting from yesterday’s US session, yesterday’s US market was kicked off with Binance forcing two strong pushes. Then, an hour after opening, Coinbase inexplicably surged... As mentioned yesterday.
Later, it became clear that the price couldn’t go higher; after breaking through 72k, Coinbase started to sell off... So, a trap.
But the first surprising point is that, according to today’s statistics, yeste

It seems today's market doesn't belong to me..
The reversal at 69.2k is because...
Suddenly Coinbase spot entry?

Today’s Market Overview..
Woke up today and saw that the market momentum is very strong.. So let’s start by looking at the capital flow..
Figure 1: Yesterday, during the US market hours, Binance and Coinbase had a big divergence. Coinbase kept buying, while Binance was selling.. This caused the 7W level during US market hours yesterday not to break through..
However, in response to Binance’s subsequent selling, the price remained unusually resilient. Overall, yesterday’s CVD was characterized by buying pressure being absorbed (refer back to yesterday’s note).
Currently, during the US night ses

Binance's BTC contracts are being affected by intense spoofing...
(Order manipulation influencing the price)
This spoofing contract algorithm has been around since after 10.11... Most of the time, it only appears occasionally when the price stabilizes...
Today, they are actually performing such high-intensity spoofing on a very tight range... I don't know what they are trying to do with this Asian session...
I'll avoid this kind of market for now...

Surprisingly, the blue threshold has appeared here. After checking, this wave comes from a 5% order book discrepancy.
The huge discrepancy originates from the massive spot and contract orders at 65k... (Figure 2)
I plan to wait until after the US stock market closes tonight and during the weekend to find a good entry point between 65-68...

Back then, breaking through the range above 98K VS now breaking through the range above 74K
The feeling is so similar.....

Today’s Market Overview
Today is Non-Farm Payrolls day. I’ve been messing around here at 70K for most of the day, wondering if there’s any direction to see whether the NFP will trigger a move... Let’s first look at the overall market...
Figure 1: Let’s check the liquidity situation...
The spot selling pressure from yesterday to today has persisted... Since Coinbase opened after the US stock market opened yesterday, CVD has been at -1000+ , which aligns with yesterday’s ETF net outflow of over $200 million...
Currently, the market is sideways, so before the NFP release, there’s no forward-looki

CVD is approaching a return (Figure 1). Let's see if there's a final dip here, waiting for an entry model.
OI is still about 1/3 remaining (Figure 2).
On the order book, around 70k, there is some demand for contracts and spot, but it's thin, not thick.

CVD has already returned (Figure 1). Now let's see if there's a final push, waiting for an entry model...
Open interest is about 1/3 remaining... (Figure 2)
On the order book, around 70k, there is some demand for contracts and spot, but it's thin, not thick...

Today’s Market Overview
The short squeeze scenario from yesterday did not occur, so let’s take a look at today...
Figure 1: Market liquidity. Currently, aggregated CVD is still in a selling and distribution phase...
Binance is the most aggressive seller, with CVD at -2000.
Although Coinbase showed a slight rebound during European trading hours, based on experience, it’s likely that in about 1-2 hours, the pattern will be more relevant for the US stock market opening.
Figure 2: After yesterday’s OI rally, we will monitor OI levels over the next couple of days. Waiting for OI to reset and stabil

The price has been compressed into an increasingly narrow range by the spot orders (65k~68k)).
Basically, any fluctuation in either direction will enter the imbalance zone.
We need spot market liquidity to push and select a direction...
Not sure if there will be action during the Asian session, if not, then wait for the US session in the evening..

Today, some people still have their golden fingers or are testing the order book depth...
One or two single prints of 500-1000 points each day...
Yesterday, there was a sharp drop, and today there's a rally online...
It's strange...