An important moment is coming, read this article before the end of July 27!
I have discovered many unusual things in the $ETH market in the past 24 hours.
In this article, I will overview the cash flow situation from last night until now in the ETH market.
1️⃣ For the $ETH/USDT pair
The 1k-10k$ order group has a positive CVD of up to 4B$, indicating strong cash flow entering the ETH market through the 1k-10k$ order group.
In contrast, the 10k-100k$ and 100k-1M$ order groups have a total negative CVD of 4B$, showing that this group is actively taking advantage of the liquidity from the 1k-10k$ order group to absorb their distribution force.
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2️⃣ For the $ETH/USDC pair
We see a different situation.
The 1k-10k$ order group has recorded a negative CVD of 3.5B$ (heavy negative) in the past 24 hours, and if we include the 100$-1k$ order group, it will be a total of -4B$.
In contrast, the 10k-100k$ order group has recorded a positive CVD of 870M$ (relatively high).
This shows that MMs seem to be using the smaller order group of 1k-10k$ from last night until this morning to control market liquidity.
Overall, the total cash flow between the two pairs ETH/USDC and ETH/USDT is quite balanced; the market in general over the past 24 hours and last night has only revolved around liquidity shifting back and forth between the currency pairs, with nothing outstanding.
=> The market cannot continue to rise or fall if the cash flow only circulates back and forth like this.
The sweeping up and down remains the general situation today and tomorrow.
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Warning about the risk of a major correction occurring!
The $BTC market recorded a sudden drop of $77M CVD from orders of $100k-$1M.
Right at this moment, after 24 hours of continuous orders in a sideways state, no significant support or sell-off has been recorded on the CVD index.
At 8:20 on 25/7, orders of $100k-$1M acted first.
It is unclear whether this move will trigger a strong downward wave today, as the data just appeared 7 minutes ago.
I will continue to observe and update the latest movements from this order throughout the day.
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