
BITCOIN : ACHATS MASSIFS sur les ETFs !! 🔥 (les baleines achètent à fond)
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Bitcoin has surpassed $80,000 and is filling its gap despite potential renewed conflict between Iran and the United States. We'll examine global markets to understand the current situation. Access to VIP crypto, including free code reports, mentorship, algorithms, and strategies, is available by signing up on Wix via our partner link and being active on the platform. Fill out the form with your email and Wix UID, then join our Discord, go to the "inscription" channel, and use the command "/AF" to link your Wix account. Active users will gain access to VIP crypto channels and market code report strategies, as well as mentorship via email.
Currently, Bitcoin is filling its CME gap between approximately $84,800 and $80,500. There's a slight price difference between CME ($81,270) and PERP/spot ($8,850), which is normal. Bitcoin has just filled its daily fair value gap at $81,000. On CME, it’s expected to fill up to the opening of the daily gap at $82,050, potentially extending with a wick today, continuing consolidation within the fair value gap.
The current pump is primarily driven by the spot market, not derivatives. While there's increased open interest on derivatives, negative funding indicates stronger demand from the spot market. The CVD (Cumulative Volume Delta) for spot is making new highs, unlike PERP, confirming stronger buying pressure on spot, suggesting a healthy, not solely derivative-driven, movement.
On Hyper Liquid, liquidations and stops are visible, with a cluster between $82,100 and $81,300, which might be targeted today. Similar liquidation zones likely exist on other exchanges, potentially contributing to filling part of the daily gap.
Options market activity remains stable, with some profit-taking on $80,000 contracts as that level was reached. However, most contracts remain open, indicating expectations for Bitcoin to stay above $80,000, ideally between $80,000 and $82,000, by May 29th. This suggests continued speculation for Bitcoin above these levels.
A future "cleanup" of lower daily levels is anticipated. The daily fair value gap includes the lows from Monday, Sunday, and Saturday. While entering long positions now carries risk of such a cleanup, it would likely precede further upward continuation within this bullish quarter, targeting higher objectives, including filling the CME gap.
Ethereum is lagging Bitcoin, with ETH/BTC expected to be bearish this quarter. However, Ethereum also has a gap to fill, specifically a large H4, daily, and weekly fair value gap between $2,460 and $2,780. After taking out the weekly low's stop, Ethereum shows bullish continuation, aiming to reclaim the April high above $2,464. Despite diverging from Bitcoin, which is well above its April high, Ethereum is expected to catch up, targeting February and April highs around $2,460-$2,470 to address the next fair value gap zone. The futures market shows a large gap to fill up to $2,730, which is likely the target for this quarter. While Ethereum has maintained its daily fair value gap and reacted well to taking out weekly lows, a similar cleanup as Bitcoin’s is possible, targeting $2,291-$2,278.
ETF flows show strong demand for Bitcoin, with over $1 billion in inflows over two trading days (Friday and Monday), indicating a healthy spot market movement. In contrast, Ethereum ETFs saw less demand, with negative net flow last week, suggesting more selling pressure than buying. Despite this, Ethereum could still fill its gap.
Globally, US indices remain bullish, with Nasdaq hitting a new all-time high. The Dow Jones reaching a new ATH would further confirm this. Renewed conflict concerns between Iran and the US haven't stressed the market yet, as evidenced by stable oil prices (not breaking out of its range) and a non-stressed VIX. The dollar shows little change, with only a 32% probability of rate hikes this year. A significant increase in this probability (e.g., to 60-70%) or the dollar revisiting its peak could stress markets, but this isn't currently the case. Gold shows rejection in its fair value, indicating continued risk-on flow benefiting Bitcoin. Altcoins are lagging due to limited stablecoin printing, resulting in less capital inflow. They are seeing rebounds after months of decline, but not yet a full-blown altcoin season.