$BTC In the short term, the market is a little volatile, so those who are shorting should be careful! Let me analyze why:
First, on the Bitcoin side, everyone seems to be in a hurry to get money out. For two consecutive days, the Bitcoin ETF has a net outflow of more than 100 million US dollars, which is not a small amount. But on the other hand, ETH is lively. Yesterday, 5.9 million US dollars of new money suddenly flowed in. This is the first time it has "recovered" after spitting out money for 9 consecutive days. More importantly, the current price ratio of ETH to BTC is the lowest in three years. Everyone thinks this is a good opportunity to pick up a bargain. In the future, ETH may rise faster than BTC.
Let's talk about the risks. If Bitcoin rises to $61,000, those who shorted it will probably cry, because more than 1.2 billion short orders will be forced to close. On the other hand, if Bitcoin falls below $58,000, those who are long must also be careful, and more than 800 million long orders may suffer. As for Ethereum, once the price breaks through $2,700, more than $400 million of short positions will be in trouble. It seems that the market is more biased towards the bulls.
There is also a small episode. The thing called Floki is about to reach the top. The current price is 0.155. It is recommended to sell it at the high point and clear the position before 8 am tomorrow at the latest, because once the good things are in hand, the next may be bad news.
Finally, let me tell you a heavy news. Recently, "whales" bought 200,000 Ethereums in just four days, spending more than $540 million. This is obviously a bullish signal!
The market may fluctuate a bit in the short term, but the overall bullish trend is obvious, especially Ethereum, which deserves our attention.
I will announce the specific big moves later. Click the avatar to follow me and share directly!
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