Daily Espresso
Your morning data ‘shot’
This one-minute read is a snapshot of the market. How much BTC is entering and leaving the exchanges? How about USDT and ETH? It’s the perfect way to start your trading day. Think of it as your daily dose of caffeine… you wouldn’t dare start trading without it.
We are facing a significant increase in net flows of BTC into the exchanges. Additionally, the volume of USDT redemptions (profit taking) has been on the rise. With the upcoming difficulty adjustment, the level of difficulty to mine BTC rises to historical levels. The combination of factors does not spew a good sign for the continuation of the trend short term. Jarvis decided to open hedge positions upon certain critical triggers last night and is expecting a target price point of 6,984 USD to be reached in the month of July 2020. Our lifetime subscribers are already in solid options trades on Deribit and hedges are positioned accordingly in BitMex and FTX. Current option trades when the target reaches in July are expected to give an estimated yield of 1328%. The options bot on Deribit is available solely for our lifetime members and they always get a headstart on such trades.
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