2026-01-18 03:30:29

January 18th, BTC and ETH technicals are worth paying attention to. The current trend has already completed a volume breakout and is now in a standard retracement phase, which is a typical accumulation feature.

From on-chain fund data, the situation is quite clear:

On the BTC contract side, the maximum accumulation reached 1.1 billion, but the maximum outflow was also 598 million, indicating that the bears are gradually releasing pressure. The spot market is relatively stable, with a maximum accumulation of 775 million against a maximum outflow of 180 million, with significantly smaller outflows.

Overall, the fund outflow pressure at the contract level is relatively high, while the spot side's absorption capacity is still decent. This kind of mismatch usually indicates a market rebalancing of long and short forces. In the short term, it may continue to oscillate and digest, but the relative stability of the spot market leaves room for a subsequent rebound.

BTC-0,32%

ETH0,5%

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ETH_Maxi_Taxi

· 12h ago

I believe in the stability of spot trading, but is the 598 million outflow in contracts really that optimistic... feels like we need to wait and see more. --- A pullback is just a pullback, I've seen it before. The key is not to break below the support. --- Misalignment and rebalancing? Sounds good, but I don't know when we'll actually get around to balancing. --- Spot trading capacity is decent, right? Then let's wait for the rebound, brothers. --- 1.1 billion accumulated versus 598 million outflow, the numbers look quite balanced... but can this really guarantee no dump later? --- I'm tired of hearing about the buildup features; it's safer to wait for an actual breakout before talking. --- The potential in the spot market exists, but I'm worried that the imagination might turn out to be downward.

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NestedFox

· 12h ago

Yes, spot trading is stable enough, just watch out for liquidation points in the futures market. --- It's another retest and accumulation, I'm getting a bit tired of hearing it haha. --- The bears are releasing pressure, is this time different? --- The spot market's support is still decent, let's see if it can hold in the short term. --- With so much outflow in the futures market, it feels like a shakeout. --- The data looks good, but I'm just worried it might be a false signal again. --- Spot remains stable, leaving room for a rebound? I don't see it. --- Here comes another retest, how many times has this happened? --- The key point is whether the 7.75 billion in spot can hold. --- Rebalancing after misallocation, sounds professional but who knows? --- Futures outflow of 5.98 billion, that's quite a large amount.

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FreeMinter

· 12h ago

Bro, spot trading is stable and profitable. This time, it's really a bit different. Regarding contract dumping, our spot brothers are steady, and that's the real signal. It's either a retest and accumulation or rebalancing. Basically, just waiting for the next wave. The outflow of 598 million is really not a small number, but only 180 million flowed out of spot... That gap, there's something to it. Long and short rebalancing? I'm just waiting to see how the rebound goes. For now, just see if the spot can hold.

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MEVictim

· 12h ago

Spot trading is quite stable, while the futures are bleeding; I've seen this rhythm many times before... Let the volatility be, anyway, spot is being accumulated, which means someone is bullish, so I’ll just watch quietly. Wait, 1.1 billion in accumulation against 598 million outflow, the bears are still testing the bottom line. Is this rebound really coming, or is it just the prelude to another wipeout... As long as the spot doesn’t collapse, everything else is虚的 (虚的 can be translated as "虚的" or "illusory," but since the context suggests something insubstantial or fake, it can be left as "illusory" or "unreal"). On-chain data is becoming more and more esoteric; the key is whether the trading volume can keep up. I'm tired of hearing the story of long-short balance; who is trying to push up and who is trying to crash, isn’t it just like that? Should I enter now? Wait and see, don’t be fooled by the buildup.

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GasFeeTears

· 12h ago

Spot trading is stable and that's it. What about the contract side bleeding? Is this wave going to cut the leeks again? --- A pullback is just a pullback, anyway we have to wait. I'm so fed up with this. --- Releasing selling pressure? Sounds like there's still more downside. I'd better run first. --- 11 billion vs 5.98 billion, that gap is quite significant. I don't really believe spot can hold it. --- Building momentum, feels like sideways trading. Don't expect any rebound in the short term. --- This mismatched logic sounds good, but who dares to bet that spot is really stable? --- After a volume breakout, it starts to pull back. I know this routine too well. --- 7.75 billion vs 1.8 billion, spot looks okay, but I just want to know how many days it can resist. --- Imagination space? Bro, I only see room for decline. --- Contracts are bleeding while spot is absorbing. To put it plainly, it's still the same old trick of the whales cutting the leeks.

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