#BTC #ETH The previously mentioned whale who held over 80,000 BTC and gradually converted them to ETH now has 120,000 ETH long positions, with a holding value of 380 million. This whale also made a remarkable move by profiting from the October 11th price drop, leading to rumors that they have insider information or are a market manipulator. However, based on past experience, traders who openly hold such large positions rarely profit smoothly. For example, the insider who made numerous impressive trades ended up being liquidated. However, unlike the insider's high leverage, this whale's leverage is not as high; they are choosing to add to their positions gradually. Let's keep an eye on them.

#BTC #ETH Let's explain the usage of the order book alert in the trading strategy signal channel with an example: Figure 1: Divergence between spot and futures markets: Yesterday, around 905, the spot market alerted for a large sell order, while the futures market alerted for a large buy order. This inconsistency indicates a divergence in capital flows, and it's best to remain on the sidelines. The actual reason is that yesterday, there was indeed a sell order of 100 million on the Bybit spot market that was pending and eventually filled, causing the spot market to alert for a sell order. As for why this 100 million sell order suddenly appeared on Bybit, it's difficult to know the underlying reason. Therefore, it's best to remain on the sidelines for now. Figure 2: Spot and Futures Trading in Sync: When the price reached above 94 in the early morning, both spot and futures trading showed sell signals simultaneously. This is a situation of synchronized movement. Historically, unless there's a strong trend, this price action usually encounters resistance and falls back, presenting an opportunity to enter the market. For futures traders, regardless of the price level, there will be both long and short positions. Relatively astute traders often enter later in the day, at key levels, meaning they can find a reasonable entry point.

#BTC #ETH A large trader has placed sell orders for 500 BTC each at positions 905 and 906 on the Bybit spot trading pair, totaling 1000 BTC. If these orders are genuine sell orders and will not be cancelled, then positions 905 and 906 will likely act as temporary resistance. It's worth monitoring the final execution results. Furthermore, it's unclear what this large trader's trading habits are, as such large spot sell orders are rare on Bybit. Large spot sell orders are usually seen on platforms with the highest liquidity, such as Binance or Coinbase.

#BTC #ETH Short-term contract traders need to be aware of a trading pattern: rapid drops or rises over the weekend, especially after 8 PM on Sunday, are generally false breakouts; This type of Sunday market is particularly suitable for left-side traders. Even if they can't profit from both long and short positions, they can at least capture profits in one direction. However, chasing highs and lows can easily lead to losses in both directions; Therefore, don't use a right-side trading strategy to chase highs and lows on Sundays. Instead, wait until after the US stock market opens to chase highs and lows.

#BTC #ETH 898 is a key support level for Bitcoin on the 4-hour chart, and it's highly unlikely to break below it tonight; Because a break below this level would lead to a larger sell-off, but the weekend is coming up, and if a large sell-off occurs today, liquidity over the weekend will be difficult to absorb; Furthermore, the interest rate decision will be announced next Thursday, so the major players in the market will likely consolidate on the 4-hour chart to await the interest rate decision.

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#BTC #ETH The rebound of long positions in this wave of fluctuation was really fast. The time spent consolidating at the bottom was very short. I am bearish in the overall trend, so I can't catch the long positions that rebounded so quickly without forming a bottom.

#BTC #ETH What is a bear market? It's when, no matter where you open a short position, even if you buy at the bottom of the range, you still find yourself making money after a while, and quite a lot of money at that. That's a bear market. Conversely, what is a bull market? It's when, no matter where you open a long position, even if you buy at the top of the range, you still find yourself making money after a while, and quite a lot of money at that. That's a bull market. The above describes the trading experience. Essentially, in a bear market, the tops tend to be lower, while in a bull market, the tops tend to be higher.

#BTC #ETH When Ethereum fell to around 2700 last night, leveraged spot traders began to buy in large quantities. Considering previous buying activity, 2700-2600 can be considered a potential buying range for Ethereum in this current consolidation phase. Some leveraged spot traders bought Bitcoin around 86 last night, but some stopped out after it fell below 85. The remaining traders exited near their cost basis or with small profits during the subsequent rebound. Currently, it seems the major players in the spot market are favoring Ethereum. Ethereum may be more resilient than Bitcoin in the near future.

#BTC #ETH The bulls and bears on Ethereum have each established positions of 150,000 ETH, worth 450 million, within such a narrow range of 2850-2800 on Binance's perpetual pair alone. As mentioned before, when faced with such a rapid increase in open interest, especially within a very small range, there is only one outcome: one side must exit and surrender, and the sign of surrender is a rapid decrease in open interest.