All of this is called market breadth btw. This means the money is very concentrated and you can clearly see this from the above 2 posts.

I am not gonna lie, everything looks shaky as hell right now

ETH rallye getting cockblocked by SOL, BTC and stocks? 🥺

If we break a little lower now, the next target is 41.100~ on btc

This is how they are going to repay you.

This is the potential scenario

Miners are bad traders. If they sell it is bullish on the HTF

📊⛏ #BTC miners sold >3000 BTC in the last 24 hours for a total of ~$129 million. #mining

LTO update per request: LTO hitting and retesting support zone as we speak. Expecting a bounce here.

All of those expections always depend on BTC being somewhat stable.
Insane BTC surges and dumps can always change the expections and LTF expectations need to be reevaluated.
Nevertheless, the zones apply always and are the key areas to watch no matter the remaining market conditions as they function as natural „break“ and potential reversal zones.

Bitcoin miner to exchange flows in general downward trend

"Part of that may be miners increasingly conducting over-the-counter deals instead of selling on exchanges."
― Link

by Jan Wuestenfeld | @cryptoquant_official

Miners remain under pressure to sell their stakes

"For the past eight months, the cost of mining Bitcoin has been above the market price."
― Link

by SignalQuant | @cryptoquant_official

I had a better chart somewhere but this is good enough. Do you see how they literally sell every dump? Not before the dump but immediately when it dumped, selling the pico bottom every time.

I mean it is absolutely obvious to counter trade the miners: they wouldn‘t mine if they were good traders.

Aside from this, stocks start to dip (which is to be expected as SPX is under 1% from ath) and we are still due for a correction

This is the target

SPX working on supporting this breakdown as well by forming this curviture right now

Altough everything looks like the beginning of a doom: dont get too bearish too quick.

We held the first support so far and the big one comes at 39k

As long as we don‘t see the ETF rejected, I do not believe we will break the main support at 39-40k.

This will be the first year in Bitcoin's history where the annual security budget as % of market cap will be higher than the year before (from 1.8% to 1.9%)

The security budget is the amount miners earn for securing the network. When this value is high, 51% attacks are expensive and vice versa

The question is: last dip before big pump with ETF news in early 2023 or are all ETFs overly priced in and we get a big sell off until tradfi money flows in?