Why I Think The Crowd Is Wrong About Bitcoin & The One Chart That No One Is Watching...
Market Order Flow & Heat Map shows the resistance and support levels based on the order books, not just technical analysis.
Also, they look at the dominance of USD stablecoins compared to Bitcoin price. This is historically low, at the moment, hence little liquidity waiting to buy up more BTC.
IMO the USD stablecoin landscape has changed significantly over the past 2 years. This is possibly one reason the banksters are trying to trash them. So, although some coins are winding down, I'd still look at all such stablecoins in the top 100, especially to see if users are just switching USD-coins or not.
The rise of digital gold: Bitcoin’s correlation to gold hits multi-year high
I'm not sure how an asset can be both a high-risk asset and a "haven". And if it correlates with gold, then why not just hold gold? Need to see more than one spike up.
USD-coins liquidity has been hit by the "authorities".
Not long ago, we had USDT = USDC + BUSD approx.
The chart is interesting, but like so many useful indicators, they become less useful if and when people manipulate them to hide their tactics. I imagine many whales will trade using OTC.