MARKET STATE
context · X-ray
Reading the market...
WHAT’S PRESSING NOW
pressingcalm
[S]
Dealer gammaflip $0 · 67% short
Dealers must amplify any move
[S]
Coinbase premium-14 bps/h
US bid weakening, premium fading
[S]
Liquidationsmax $179K
1 short squeezed (quiet)
[B]
Leverage (OI)+0.13%/h · $36.4B
New positions stacking
[A]
Whalescalm
No $1M+ blocks last 30m
DIRECTION
the side · drill in →
ON-CHAIN
from the chain · drill in →
INFLECTION DETECTORLTH conviction 66
Accumulating
LTH SUPPLY
Rising
COIN DAYS
Low
SUPPLY SHOCK
Building
LAST FLIP
6d ago
VALUATIONcycle: early
Undervalued
MVRV
1.4
NUPL
0.31
RHODL
Low
RESERVE RISK
0.0021
COINBASE
US demand · drill in →
SIGNAL BOOKUS demand
Bid-stacked
BID DEPTH
$48.2M
ASK DEPTH
$31.6M
IMBALANCE
+60% bid
REFILL RATE
Fast
PREMIUM VELOCITY-14 bps/h
Fading
PREMIUM
+3 bps
VELOCITY
-14 bps/h
TREND
+4 → +3
READ
Weakening