₿ YEETlet: Bitcoin Pre-Bounce Bust?
A quick look at BTC for YEET Plus
YEETlets are small issues focusing on as relevant ticker or sector for YEET Plus primarily.
BITCOIN: THE CLOCK STRIKES BEARISH
🌊 Market Tide: Call Euphoria Meets BTC’s Grim Reality
The broader market is drunk on calls. SPY’s market tide shows calls obliterating puts, but BTC’s net premium flow is not playing along. Unlike SPY, where calls are running the show, BTC’s option flow is more hesitant, less exuberant. That’s a problem if you’re long and expecting the same vertical rip that equities have enjoyed.
📉 BTC’s Missed Backtests – The Ghosts of Prices Past Missed backtest levels don’t just vanish. They linger in the market’s memory like an unpaid tab at a dive bar. BTC has been running hot, but it skipped a few backtest levels on the way up, and guess what? The market loves symmetry. The chart is flashing a bear pennant, the kind that tends to break down overnight when liquidity is thin, and traders are off dreaming about their next leveraged long.
🐋 COIN Flow: Are the Whales Running a Long Con? COIN’s order flow is a mix of hopium and hedging. The premium tells the story, and we’ve tracked down the likely timing using the flow and the chart: