Editor shares: Major players offloading + Coinbase premium turns negative! On the eve of CPI, is the market about to change?

Seeing the square starting to shout "short" again, the FUD sentiment is at an all-time high, making people feel anxious. But this time, the data is indeed not optimistic.

🔹 High Long-Short Ratio, Main Players Bearish

The long-short ratio on OKX has soared to 2.58, reaching a new high since September 8 of last year, indicating that the market's long sentiment is overheated, while the minority, that is, the main players, are bearish.

Additionally, funds for the US spot Bitcoin ETF have flowed out for two consecutive days, and the Coinbase BTC premium has turned negative again, indicating that demand in the US market is declining and market pressure is accumulating.

Editor’s Share: Main Players Offloading + Coinbase Premium Turns Negative! The Night Before CPI, Is the Market About to Change?_aicoin_figure1

🔹 BTC Whales Accelerate Selling, Market Pressure Intensifies

Last night, Powell's speech sent a clear signal: “The economy remains strong, and policy rates are at a good level, with no reason to rush into further rate cuts.” In other words, the Federal Reserve will not cut rates in the short term, which aligns with market expectations, but the crypto market remains sensitive to sentiment. With the CPI data release imminent tonight, many funds are choosing to hedge in advance. As a result, BTC led the decline by 2.5%, ETH followed with a 4.6% drop, and the futures market saw liquidations of $190 million, with shorts experiencing a wave of harvesting.

Recently, the performance of Bitcoin has not been good, oscillating for a week without breaking through the 98,000~98,500 key resistance zone, making it difficult to reverse the trend. In yesterday's news, I mentioned that we should assess the effectiveness of BTC breaking through 98,000 based on the main players' trading conditions. Because this position has significant pressure, if the main players offload in this area, the market can easily be smashed down. And that’s exactly what happened!

PRO data shows that after briefly breaking 98,000 last night, Binance whales quickly offloaded $8.885 million at 98,150, while shorting $20.12 million at 98,300. As early as Monday, when BTC approached this threshold, Binance whales had already significantly sold over $43 million, indicating the immense selling pressure!

After Powell's speech, the main players accelerated their offloading, with Coinbase main players limit selling $5.746 million, and Binance whales market selling $4.5 million, directly intensifying market selling pressure, leading to a short-term drop in BTC.

However, there's no need to panic excessively. After BTC hit the bottom last night, Binance whales bought back $19.66 million near 95,000, and BTC quickly returned to 96,000, indicating that the support in the 94,000~96,000 range remains solid. The daily level chip peak also provides strong support. The key support below to watch is 91,745 (near EMA120).

Editor’s Share: Main Players Offloading + Coinbase Premium Turns Negative! The Night Before CPI, Is the Market About to Change?_aicoin_figure2

Real-time tracking of main player movements: https://www.aicoin.com/vip

The impact of CPI, while not as significant as non-farm payrolls, will still trigger short-term fluctuations. If you want to participate in the market, you can refer to the “US CPI Real-time Strategy” released by me yesterday. This strategy is based on the comparison of past CPI published values and expected values, providing only opening signals without closing instructions, and allows for customizable take-profit and stop-loss. However, the strategy is for reference only and does not constitute investment advice; please be sure to use it according to your own situation, and you bear the risks of gains and losses!

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🔹 ETH Loses Strength, SOL Oscillates, LAYER Shorts Suffer Heavy Losses!

ETH: Although still the "Dragon Two," its performance is weak, ETH/BTC has fallen below 0.03, with short-term focus on the 2,600 key support. If it stabilizes, it may rebound to 2,850.
SOL: Recent SOL ecosystem projects have performed mediocrely, with prices oscillating downwards. There are large orders piled up at 180 and 190, which can be followed by main players for bottom fishing, with short-term pressure at 210.
BNB: Relatively resilient, possibly benefiting from the BNB Chain ecosystem, but a MACD divergence has appeared in the 90-minute cycle, indicating a potential short-term adjustment, with key support at 620~630.
LAYER: A new coin on Binance, last night the shorts were severely punished! Current funding rates are as high as -2.0%, settled every 2 hours, with shorts becoming fuel, while longs are both eating and taking. Large players target 1.6, but new coins are highly volatile, so caution is advised.
TST: The performance is weak, dropping over 30% today, with many KOLs mentioning it yesterday, but there’s basically no news today. Short-term support is 0.14, and pressure is 0.25, with subsequent attention on whether the BNB Chain ecosystem can drive a rebound.
BNX: Resilient last night, but today it is correcting, currently testing the EMA52 moving average support in the 45-minute cycle, with multiple short-term cycles forming MACD divergence. Caution is needed when chasing highs, with support at 0.68 and pressure at 0.77, 0.9.