Onchain Edge
BTC Might Dump In The Next 12 Hours. BTC Exchange Inflow Mean Alert Triggers
1. Two alerts were triggered today about high BTC inflow mean into exchanges (check my post history). -> This means high amounts of BTC were sent to exchanges in a short amount of time. The first was a mean of 21BTC. The second was 17BTC. 2. The funding rate is positive with rising open interest. Furthermore, a lot of stables were sent to exchanges (possible short positions) 3. A lot of liquidity on exchanges at $21.4k. It's possible the price will shoot up to $21.4k and causes a lot of liquidations. Whales are distributing their coins at these levels and possibly opening shorts. (rising open interest). Be careful with your long positions.