저자: CodytheCoinRaptor · 외국인
요약 보기
비트코인이 80K 매수구간을 벗어나 92.7K 부근. 98K 상회 마감 시 일봉 슈퍼트렌드 매수 전환 및 연내 신고점 가능성 제기. 공포탐욕지수 27(이전 10). 블랙록 CEO 래리 핑크의 미확인 국부펀드 매수 언급, 뱅가드의 비트코인 현물 ETF 허용 전환(12/2)을 수요 증가 근거로 제시. 현물 ETF 최근 2주 소폭 순유입, 숏 청산 우위. 12/26 만기 옵션 OI 약 230억달러, 맥스페인 약 10만달러, 월말 큰 변동성 예상. 고래 지갑 잔고 증가, 거래소 보유량 감소를 강세 근거로 제시. 장기 25만달러 가능, 단기 10~12만달러 및 신고점 가능 주장.
다듬은 글
Hello folks and welcome to my channel. I'm Cody the Coin Raptor and I've got some absolutely fantastic charts and data to go over in regards to Bitcoin and I hope you guys have had a fantastic Thanksgiving and we're going to go ahead and get started here. So, Bitcoin now is just about out of the buy zone that I've highlighted here, this whole box.
You'll notice though that it got down to about 80K or so. And I've outlined this buy zone. This is, in my opinion, a great spot to be adding to Bitcoin. And in fact, I have been adding to my Bitcoin holdings through IBIT. And now we're kind of closely approaching the resistance point here at about 94,600.
Bitcoin is sitting at about 92,700. And I would be bullish for Bitcoin if it closed above this $98,000 region right here because that would flip the super trend to a buy on the daily. So, uh, any bullish price action over the next couple of days is going to get us back to a buy from a sell, and Bitcoin is going to reverse, and we have a good chance of making a new all-time high within the next couple of months as long as Bitcoin can close above this 98K region.
Okay, that's something I'm going to be watching very closely. You'll notice RSI right now sitting at 47. Remember when we when I made my last video, we had RSI all the way down here basically at about 22 on the daily. And as I had pointed out, this was the time if you're interested in buying Bitcoin.
If you're interested in going through and adding to your stores, this right here would have been the prime opportunity during this little dip here in order to load up on some cheap Bitcoin. Now, not financial advice. do your own research, but usually you want to be buying when everybody else is selling in order to get the best possible price.
And we've seen a very nice bounce off of those lows from about 80k or so. Looking at the crypto fear and greed index, we're sitting at about a 27 right now. Now, notice that this went all the way down to about 10 or so. And this kind of coincides with that RSI, just to let you know, the market is feeling fearful.
and in that case extreme fear. However, we are still at fear currently and potentially heading our way into neutral. Okay, so just something to keep in mind when it comes to Bitcoin oftent times when you get into the extreme fear especially that low you have some fantastic buying opportunities. So, in regards to some really fantastic news I want to go ahead and share with you guys, Black Rockck CEO Larry Frink basically came out and he talked about Bitcoin.
And if you if you guys are following my channel, you'll know that Black Rockck is the largest Bitcoin financial engine through their product IBIT and their Bitcoin spot ETF. Black Rockck is one of the largest financial companies in the world. And quite frankly, Larry Frink has come out here and he's basically given us kind of a bombshell.
He's saying that unnamed sovereign funds are buying Bitcoin amid the recent price dips. Okay, unnamed sovereign funds. Now, this can be sovereign funds at locally in the country. This could be sovereign funds out of the country. My guess is it's probably the Saudis. I'd put money on it. I think the Saudis have probably been buying this Bitcoin amid the recent price dips.
And quite frankly, Bitcoin right now has been very strong over the past couple of days. And Larry Frink has basically said that uh it's one of the most important assets that they manage. Okay, so this is this is enormous. This is massive news, guys. If sovereign wealth funds continue to buy Bitcoin, then the price basically can go up into the hundreds of thousands of dollars and stay in that area.
I think long-term 250K is definitely possible, but I'm not going to go so far as to say in the millions. I think that's kind of still out there. But in the near term, easily we can regain 100k, 110, 120, and then a new all-time high. That's definitely very possible. So, Bitcoin has done very well. Black, the Black Rockck CEO has come out and said, "Hey, Bitcoin is actually pretty dang important to our business right now." All right.
And in addition to that, we had some additional news regarding Vanguard. Now, Vanguard, one of the largest investment firms, has been basically unwilling to let their customers invest in Bitcoin and other crypto ETFs. And now, they've actually done a complete 180. Now, as of December 2nd, they've decided to go ahead and list Bitcoin and other ETFs and allow their customers to buy Bitcoin spot ETFs.
Now this is really really important guys because the more people that can buy Bitcoin spot ETFs that can buy crypto spot ETFs the higher essentially we'll get demand and the higher the price will go. This is adoption. We are seeing the adoption story fully play out as I've pictured it over the five odd years that I've done this channel basically at this point.
the adoption story is playing out and we're seeing adoption at an absolutely phenomenal rate so far. So, speaking of those spot ETFs, these spot ETFs over the past couple of weeks have not been great. We've seen over the past, call it about six weeks, four of those weeks have been negative. They've been negative.
They've been largely outflows, right? And there's outflows, they have to sell Bitcoin when there aren't when when there isn't money coming into these funds. they have to sell Bitcoin. And then over the last two weeks here, we've actually seen positive flows. So net inflows here and it's been fairly small.
It's about about 120 for about both those two weeks. Okay? But this is basically what you want to see because what you're seeing right now is the market swinging back in the other direction. So before we had extreme fear and now what you expect to see is just like in that like I showed you in the fear and greed index fear neutrality greed and then extreme greed we're starting to see the pendulum swing back in the opposite direction.
We're starting to see the market stabilize and that's exactly what we want to see. Now, in addition to that, we've seen over the over the last couple of days, the liquidations have finally started to stop and they've finally started to minimize on the long side. In fact, on the short side, you've had significant liquidations in the crypto market.
The 2nd of December, $284 million worth of shorts got liquidated. The next day, about 123. The next day, 150 or so million dollars of shorts getting liquidated. And longs for the most part have been pretty okay. Apart from uh today we saw about $140 million worth of longs get liquidated. Not a huge deal.
Bitcoin did go down a little bit today. I'm not concerned about that. But this is a far cry from what we saw back earlier in November uh and about the 20th or so in November which we had 1.234 billion worth of crypto longs getting liquidated. and we kept seeing these longs, these Bitcoin longs get liquidated and drive the Bitcoin price much lower.
So, we're starting to finally see uh more of an equilibrium right now. So, taking a look at our Bitcoin metrics for the Bitcoin options set to expire the end of the year, the 26th of December. Okay, the last Friday of the year, the 26th of December. Absolutely massive. I'm going to talk about this more in depth in a future video, but $23 billion worth of longs, uh, $23 billion worth of open interest set to expire on the 26th of December.
I will be covering this more uh, as this gets closer. Max paying price of about 100K. So, that's actually pretty significantly higher than where we currently are with the Bitcoin price at about 92,000. Something to keep in mind here. Expect huge volatility by the end of the month. All right. Now, the next thing I want to talk about is the whales continue to buy, right?
The sovereign wealth fund continues to buy. You can see here, uh, the BTC balances for whale addresses last active in the 24 hours. Again, this continues to go higher and higher and higher, and now it's sitting at about 300 345 um,,000 basically Bitcoin uh, for these whale wallet addresses. Okay. So, it's very very interesting here to point out that the whales have been buying the dip.
Okay, taking a look at the exchange reserve, we continue to see the exchange reserve, the number of Bitcoin on exchanges continues to fall lower and lower and lower. If there was some kind of concern whatsoever in the current market space that we're in that the Bitcoin cycle is done and over with and we have nothing but downside, we would not continue to see this large amount of demand that we're seeing every single day.
Now, this what we saw before this draw down here, this is normal. This is a normal part of any Bitcoin market, a a bull market or a bare market to see a 30% draw down. That's just that's what you get for Bitcoin. That's the price you pay. Volatility is the price you pay for gains with Bitcoin. Okay, [snorts] so basically that's all I've got for you guys today.
And I just want to say thank you everyone that watches my videos. I really appreciate it. I'm sitting uh potentially close to 800 subscribers. Trying to get there at some point in the next month. That'd be fantastic. If you guys enjoy my videos, please subscribe, please like, and also please share the videos if you think that I bring you any sort of value.
And if you've been buying Bitcoin over this dip, congratulations for your gains. This is Cody, the coin raptor, and I'll catch you guys on the next video.
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