The three major central bank interest rate meetings are approaching, and the market funds are conservatively waiting for the meeting results. It is expected that after the meeting, funds will return to the market, and the RISK-ON mode will be reopened! 🍌
The concentration of long positions for $BTC has decreased to a 15-day low, with whales flattening their positions, while momentum is still present. The altcoins continue to be weak, with ETH and SOL both in a state of concentrated short positions, showing no obvious signs of reversal yet. It is advisable to continuously monitor the data performance during the US market hours.
Today, the staking sector performed relatively well compared to other sectors, for example, $PENDLE $ETHFI has better data performance, while the social and PoW mining sectors are the weakest, allowing for long and short trading based on sector strength.
Data source: blave.org
