Inspocrypto
Market Update - What could happen next? [Part 4]
Last but not least #Okex have received almost 1,900 #BTC since 12-31-2021. The total exchange reserves declined since 12-29-2021 by almost 26,300 #BTC. Drivers of this decline were #Coinbase and #Kraken. Also here, we still have a plus of 9,000 #BTC from the last big inflows happend 12-23-2021. Imo we are not done yet and we should dump further as expected since days. Patience is key as usual. Option trading are showing more activity for the coming 14Jan22 expiry. Their trade range is between 47k - 51k. We have more call buys in lower ranges and more call sells in upper ranges. It seems they are not expecting big bullish moves until mid of Jan. Also the max pain has declined for all expiries from 55k to 54k confirming a shift to lower ranges.