Binance Netflows Tighten, USDT Balances Drop to $4.6 Billion
- Tightening Liquidity: Data from CryptoQuant indicates that Binance's USDT balances plummeted from $9.16 billion on January 7 to $4.6 billion by January 21, a reduction exceeding $4.5 billion, signaling a significant withdrawal of deployable liquidity that may impact market upside potential.
- Increased Bitcoin Inflows: Starting January 15, cumulative Bitcoin inflows to Binance rose by approximately $1.16 billion, coinciding with a short-term price recovery above $95,000; however, this inflow typically aligns with profit-taking rather than accumulation, reflecting cautious market sentiment.
- Macro Liquidity Pressure: The Fed's net liquidity decreased from $5.8 trillion to $5.71 trillion on January 21, a contraction of about $90 billion, indicating a tightening liquidity environment that constrains risk assets and limits the potential for sustained rallies.
- Market Signal Analysis: Together, these factors suggest a market where liquidity is being withdrawn, Bitcoin availability is increasing, and macro conditions are unfavorable, indicating greater constraints on the market, although not necessarily leading to an immediate breakdown, highlighting increasing risks for long positions.
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Technical Analysis for STABLE
Technical Sentiment Analysis for (STABLE) As of , (STABLE) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 5 indicators are flashing buy, while 2 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for STABLE stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, STABLE is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
(STABLE) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | -0.00282 | 0.00636 | 0.0144 | 0.0235 | 0.0315 | 0.0407 | 0.0487 |
| Fibonacci | 0.00636 | 0.0129 | 0.017 | 0.0235 | 0.0301 | 0.0341 | 0.0407 |
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