Recovery! - M2C June 25th 3/3

On-chain, Futures, and Options

Summary: On-chain indicators of the week indicate a possible bottom being found. On-chain:

Hash-Ribbon: The famous mining reversal indicator appears again in this report. Unfortunately, following the BTC drop, more miners not in profit are exiting, delaying this balance until the end of July.

Futures - Short Term:

LSR: The long-short ratio of investors worsened and is in bearish territory.
Open Interest: Open contracts fell abruptly during observed drops, adding a neutral multiplier factor to the LSR.
Retail CVD: Accumulated market orders from retail over the week are neutral.
Institutional CVD: Accumulated market orders from large players, after lateralization since April 28, found a new low, possibly positive if bottom formation holds.

Futures - Medium and Long-term:

Liquidation Maps: Long-term liquidation maps indicate indecision, with upside potential to 67k dollars. Not a good barometer for technical trigger positions.
MM Gamma: As published last week, systemic risk from Gamma has dissipated and currently has high levels, reducing volatility.

Options: With one last crucial week in the options market, we update its indicators.

BTC Max Pain: The maximum loss indicator for investors in the options market for June 28 moved from 55k to 57k dollars, with a notional value around 6.73 billion dollars to be liquidated.
Ethereum: The maximum loss value for Ethereum is at 3100 Show Less

Cyrator is a transparent and reliable review community where anyone can join, contribute and earn.