Are you guys still holding and bullish on $STRK? I guess 100% still are, I am too when checking the trading situation on Binance and OKX.
STRK derivatives data:
1️⃣Netflow
Almost always negative, meaning the amount of $STRK withdrawn from the exchange is greater than the amount deposited:
- They are not selling STRK immediately, but tend to hold assets in personal wallets (possibly for long-term investment).
=> Prices have decreased since the beginning of December to the present, but the amount of tokens withdrawn from the exchange to wallets is also considered the second highest of the year, after March and April 2024.
2️⃣ Trader
- Volume decreased by 15.39%, down to $50.60M: Trading activity of STRK is significantly declining -> Caution from investors.
- Open Interest (OI) decreased by 5.16%, now at $70.36M: Some investors have closed their positions. However, the decline is not too large, indicating there is still a certain level of interest from investors.
(OI is the total number of derivative contracts (futures, options) that have not been liquidated or closed).
3️⃣ Long/Short Ratio on exchanges
- Long/Short ratio (24h): 0.9246: Traders are becoming more balanced, but still slightly leaning towards a downtrend.
The Long/Short ratio on Binance and OKX is very high:
- #Binance : 4.4526
- #OKX : 2.95
👉 The number of accounts holding Long positions (expecting price increases) is many times higher than the number of accounts holding Short positions, mainly small retail investors who are optimistic about the price.
4️⃣ Ratio of Top Traders on Binance:
- Top Trader Long/Short Accounts: 6.1736 (cao), reflecting that they are quite optimistic about the uptrend.
- Top Trader Long/Short Positions: 2.7131, this ratio is significantly lower than 6.1736.
👉Although top traders are still leaning towards Long, they have reduced their position sizes, possibly to limit risks in the current context.
But being 6 times like that is very high, still very bullish
