

Issue #201 of On-chain Insights drops today. 🔥 201 weekly $BTC reports. Not a single week skipped since July 2022. Started near the bear-market bottom. Kept going through the ETF launch, the halving, and every new ATH since. Consistency is the edge. 📊 Full report goes live today at 6 PM CET. Free subscription, link in bio. 🫡

⚠️ $BTC liquidation map at 77.4K has a tower of longs sitting right under price. The biggest cluster runs 76.4K -> 77K, and long liquidations below outweigh shorts above about 2x. Shorts at 77.5K -> 78K are closer but much thinner. A dip into 76.7K to force those longs out is the bigger risk right now.

$BTC short-term holders just sent coins to exchanges at a loss for the first time in 72 days. The profit-taking phase is over. Recent buyers are underwater and selling into weakness. - STH Net P/L to Exchanges (7DMA): -3,022, down from +21,182 on Oct 24 - First negative print since Aug 18 - Price: 83.6K -> 77.8K in 9 days The last two flips after a long profit run came in Jan at 89K and May at 76.9K. The reading fell to -60,768 and -41,364, and price dropped 28.5% and 23.2% before it bottomed. If recent buyers keep dumping at a loss, I expect the same outcome. ⚠️

$BTC exchange netflow turned positive for the first time since September 21. The 30D average swung from -3,950 BTC to +182 BTC in 10 days. Six weeks of coins leaving exchanges are over. - Netflow 30D SMA: +182 BTC (Oct 28) vs -3,950 BTC (Oct 18) - Price held 80K through the shift - Feb and June sell-offs ran at +4K to +5K BTC for weeks: 88K -> 63K and 81K -> 60K Holders stopped withdrawing, but sellers aren't here in size yet. If the average climbs past +2K BTC and 80K breaks, the 77K -> 75.8K zone is next.

Week 4 of my @breakoutprop challenge: I cut my position size in half ✂️ After last week's -$901 revenge short, I went from ~0.72 $BTC to ~0.36 BTC per trade. Monday and Tuesday went well: 3 winners and a breakeven, +$781 ✅ Then I held a long from 82.1K for two days while price slid to 80.3K. Stop hit, -$687. It took the week with it 🔴 📊 Stats: 🔹 Balance: $98,502 (-1.5%) 🔹 39 trades: 13 wins, 12 breakevens, 14 losses 🔹 Room before I fail: $4,502 (the account can't drop below $94K) 🔹 Still needed to pass: $11,498 (target $110K) Takeaway: smaller size did its job. My worst trade this week was smaller than last week's. Week 5 starts next Monday 👀
