Current situation analysis of $FTT :
1. Current price and trend:
The current price of FTT/USDT is 1.9593, down 4.66% in the past 24 hours. The price chart shows a downtrend over the recent period, with some minor recovery attempts.
2. Trading volume:
The 24-hour trading volume is relatively high at 5.03 million FTT and 9.91 million USDT, indicating significant market activity.
3. Market sentiment:
The price decline and overall downtrend indicate negative sentiment in the short term. However, there are some signs of potential stabilization or minor recovery attempts visible on the chart.
4. Buy/Sell Ratio:
Buy/Sell Ratio, with selling pressure slightly outweighing buying:
- Buy: 45.22% (14.35% + 17.77% + 13.10%)
- Sell: 54.78% (19.74% + 21.19% + 13.85%)
5. Financial Flow:
There is a net outflow of capital, with total sales (5.51M) exceeding total purchases (4.54M), resulting in a net negative inflow of -960,773.02.
6. Borrowing and Leverage:
The borrowing ratio has been increasing over the past 30 days, indicating increased interest in short selling or leveraged trading of FTT.
Given these factors, the FTT/USDT market appears to be bearish in the short term, with selling pressure dominating.