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Often times you can get hints in the data before the news event and set positioning up in the right direction. This was one of those times.

$BTC is once again approaching liquidity. Based on the histograms, we see a few outliers: - True retail long% is still quite low (11th percentile). If it reverts (increases) back to its mean/median, this is bearish - orderbook: bid ask ratio on the 5% depth is in the 20th

Price swept the liq cluster and the data remained bearish when this occurred. As we had initially said, this would be a good area for high rr shorts (if the data was still bearish when hitting this cluster). - True Retail Accounts Long% was below 45% - bid ask ratio (2%

A quick story on reading the market by using unique indicators. This is TRX. When we see large open interest (OI) opening (relative to the alt), we ask ourselves: "what type of participant is opening this? who is on the long side of this OI and who is on the short side of this

Nice sweep into the short liquidity cluster. The bid ask ratio across both depths (2% and 5%) are heavily skewed to the negative side (supply > demand), which creates bearish pressure (or another way to think about this is -- it requires much more buying than selling for price

Wick hunting season. The next set of liquidity lies at 95k (short liquidity) and 90k (long liquidity). Both of these have been recently growing, adding further confluence.

Slowly approaching the liq cluster above. 96750-96800 liquidity cluster is the largest short liq zone

btc hit a new all time high today. On the 3 month lookback, we've only seen short liquidity build above. and btc has been hunting this liquidity over and over. Most recently, there is another short liq zone that has opened. Even more interesting is the fact the just 31.59% of

Price has been slowly grinding down and hunting long lquidity. Each time price hunted long liquidity, it consolidated after and new long liquidity formed. --> which led to price grinding down and hunting it again

Guess which way price went next? A game of liquidity.

Into the liquidity we go ... 🧲