Will Blackrock Push Us To New All Time Highs?

Bitcoin is tipping against the previous all time highs, can we break the all time highs this time? Let’s dive into that!

TLDR:

• 1.5 Billion USD in Bitcoin ETF inflows in the past 3 days

• Deep dive into liquidation heatmaps 

• Dual Asset feature on Bybit with Whaleportal for APY

1.5 billion USD Bitcoin ETF inflow in 3 days

While Bitcoin is tapping it’s previous all time high we are seeing an increase in money flowing into the Bitcoin ETF. This is pretty significant and shows an increase in interest in Bitcoin. We want to see this continue if we want to break +-$73K

When we dive into the shorter-term data with our various heatmaps, we can see that a correction or consolidation in the shorter timeframes is still possible.

• Selling pressure is present (slightly)

• Sentiment is bullish (but not extremely)

• June historically tends to be not the strongest month for Bitcoin

Although this is the data picture, be mindful of the macro-structure of Bitcoin. Historically, breaking all time highs comes along with increased prices for Bitcoin and alt-coins, increased hype and attention and a basic acceleration of the bull market that we’re in.

Liquidation heatmaps

It’s no secret that many traders use liquidation heatmaps to help them make better price predictions and be more profitable as a trader and investor. But how do they use these charts?

We have written an extensive guide about how to interpret and use liquidation heatmaps and how you can make them even more reliable combinign them with different heatmaps.

Bybit Dual Asset

Most crypto traders are not that familiar with options trading. Options is selling an “option“ to buy or sell something in the future for a fixed price. This has a couple of advantages:

• No liquidation price

• Time based (8 hours to 5 days)

• High APY

Bybit now offers Dual Asset, which is a sort of option trading, providing a unique opportunity for users to generate a high APY.

The interesting part is that it goes hand in hand with Whaleportal PRO charts. Which is providing various heatmaps to help predict short-term price action on Bitcoin and other cryptocurrencies.

The strength in this combo is in the investment vehicle (option, time-based, no liquidation) combined with short-term price predictions. Especially using the social sentiment heatmap as we have seen this metric being very accurate in the past.

These social sentiment heatmaps have proven themselves to be very helpful in especially making short-term price predictions. They act as a contrarian indicator, when bullish, price goes down, when bearish price goes up.

We encourage you to explore our extensive guide on using social heatmaps, liquidation heatmaps and buying and selling pressure heatmaps effectively and how combining them can enhance your trading strategies.

Thank you for reading, and we look forward to seeing how Bitcoin's journey unfolds!