GateUser-13faf6d3

Similar situation with $BTC. Net taker spot buys as price moves up but order books showing ask delta, too. OI has dropped a bit though, which is good Funding is negative, meanings shorts pay longs And Coinbase premium is neutral/positive

I think there are still too many relief exit sellers on $ETH and $BTC. Possibly this move up is the exit pump. Also ugly 4H candle

$ETH has had approx \~18K net taker spot buys over the last 12 hours Orderbooks are showing ask delta (more rest g sell orders than buy orders) Funding still neutral but positive/green

$ETH has worked its way back up to multi year mid range (0.5, white) and 1D range high (0.0, green). Watching for how it'll react here, eg. higher lows up into resistance or not

$ETH keeps getting rejected hmmmm

$ETH aggregated spot Bid \& Ask Delta is showing clear ask delta, ie. resting sell orders outnumber buy orders within +/-10% of current price. It could just be relief exit sellers wanting to get out of their spot positions due to bearish PA but who knows

I forgot to mention it's the weekend now, so the PA will be uneventful. Will have to wait until Monday to reassess

$ETH I hope I'm wrong but I have a feeling this was just another exit pump to offload more spot. It also releases the pressure from the BB squeeze (reset) without a meaningful bullish move, as 4H, 6H and 12H BB squeezes have mostly completed

$ETH 12H and 1D continue in 'extreme' squeeze. 1D hasn't been this compressed since June 2024!

$BTC 12H, 1D, 2D in 'extreme' BB squeeze. Looks better prepped than even $ETH does

Look at all these dojis on $ETH. Just terrible PA.

$BTC showing net taker spot selling since the pump yday. It makes sense though. Market participants are exiting due to the shit price action

$ETH surprisingly looks better versus $BTC. Yes, there was a lot of spot selling from the top of the pump but CVD now showing net taker market buying from the bottom of the dump. Approx \~30K ETH net taker buys Aggregated spot bid/ask delta indicator showing green (bid delta, ie.

$ETH 1D BB now in an 'extreme' squeeze, along with 2D \& 3D. Very good. 12H and 6H are still in an 'extreme' BB squeeze, too, despite the pump and dump yday

$ETH 12H now in 'extreme' squeeze 1D still at 'low' squeeze

So, $ETH 1H, 2H, 4H, 6H are all in an 'extreme' BB squeeze. The last time 4H and 6H were this compressed was on 9 Sept before the pump to $4.7K. 12H and 1D are in a 'low' BB squeeze, with 12H possibly compressing to 'extreme' with the next 1-2 candle prints 2D, 3D are both in

$ETH 4H extreme BB squeeze but don't think this will play out due to the Xmas/NY period. Could just range for days until post-NY

$ETH 2D and 3D now both in extreme BB squeeze 1D still flat and not compressing or expanding due to the lack of price movement beyond this small range