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Open Interest Liquidation Funding
Open Interest Liquidation Funding
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Aggregated open interest
=
open interest of coin-margined contracts
+
open interest of stablecoin
-
margined contracts converted to USD (notional value).
For the moment only BTC/USD, BTC/USDT and BTC/BUSD contracts are included. See the
indicator settings, you can select/deselect individual contracts.
There are two other indicators that display raw open interest:
aggregate open interest coin-margined contracts (value unit = USD)
and
aggregated open interest stablecoin-margined contracts (value unit = BTC).
So:
STABLE COIN:
these are your buyers; these are people
that are borrowing usdt, usdc to buy bitcoin.
so once again
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|COIN MARGIN borrowing (prendi a prestito) bitcoin to sell,
|
|STABLE COIN MARGIN borrowing (prendi aprestito) stable coins to buy bitcoin.
|
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So that becomes important down (nei grafici in basso) in our (sulla) LIQUIDATION.
second sign: COIN MARGIN CONTRACTS, these are your ----> stanno
restituendo bitcoin presi aprestito in precedenza che avevano venduto
SHORTAGES, so look OPEN INTEREST
is heading downward, so what does this
let us know? This let us know that SHORTS ARE CLOSING,
shorts are taking profit and beginning
to close up.
work on the other hand
STABLECOIN OPEN INTEREST is continuing to rise. -----> stanno prendendo a
prestito stablecoin per comprare bitcoin
what does that let us know?
that LONGS ARE BEING OPENED,
that ALSO COINCIDES WITH OUR HUGE LONG
LIQUIDATIONS
look at how these LIQUIDATIONS MATCH UP
PERFECTLY WITH OPEN INTEREST SPIKE IN STABLE COIN
AND THE DECREASE IN COIN MARGIN,
so these liquidations are now having to sell (consitono in qusti long che
vengono aperti)
into these longs that are opening
and these guys are starting to close out (e che incominciano a chiudere o prendere
profitto)
and take their profits so
like i said that's very simply, i'm not
going to go through and give you a bunch (grappolo)
of previous examples because this is
kind of a perfect setup right here for a
low time frame scalp.
timeframe
superiori
so very simple concept
very easy breakdown, just wanted to show
that to you,
like i said you can use this high time
frame as well:
look at our daily (timeframe giornaliero) you can see another
reason why
i'm getting pretty bullish (rialzista) is right here:
as you can see PRICE WAS COMING DOWN
COIN MARGIN OPEN INTEREST HAS CONTINUED TO CLOSE
AND NOW GONE STAGNANT,
but look from the
bottom
across look at your STABLE COIN MARGIN
CONTRACTS
they are buying buying like
crazy, i mean this is 80 000
open interest it's doubled in this range.
for wrongs while coin margin has stayed
completely stagnant: huge huge bullish
indicator, if we are going to flip this
range and move to the upside
a lot of longs. we got a nice nice
healthy
longs behind us (dietro di noi).
you can tell that this
is smart money
because they've been buying across this (accumulo)
range, price didn't just
jump right up with it so that's another
great sign.
in the end this is uh just a very simple
breakdown but just wanted to give that
to you guys to have an idea.
as lastly here i just want to run over i've
posted these
in the data center, but something that i
suggest
everybody looks at this is great
information to have,
so we're talking about FUNDING LEVELS
here, these are the levels that we're
speaking of,
so when you're talking about extreme
positive extreme,
you're looking at the point ones and
point threes
just an information to know your premium
on the spot
side, is a very important information to
know, i've posted that in the data center
as well,
so i suggest you look these over
definitely goes hand in hand with what
we're talking about here.
spot premiums are way more important
than most people will ever
tell you, can be a great piece of
information to have,
so look this over and of course
any questions anything like that don't
hesitate to send me a message
get you all figured out and i hope you
guys have a great rest of the weekend
cheers
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