🌐 #Bitcoin $BTC Overview On-chain more strategies on #INVESTIDEAUA 🔥#HotTrends
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▶️Bitcoin: NVT Golden Cross
Readings above "2.2" indicate overbought (possible top) and below "-1.6" indicate oversold (possible bottom).
As foreign exchange reserves continue to fall, this indicates easing selling pressure.
The total number of coins transferred increased by 40.59% compared to yesterday.
The total number of active wallets used to send and receive coins increased by 9.34% compared to yesterday.
The total number of transactions increased by 7.50% compared to yesterday.
Buying pressure from Korean retail investors is relatively strong.
Investors in funds and trusts, including Grayscale, have relatively strong buying sentiment.
Traders with long positions dominate and are willing to pay traders with short positions.
Buying sentiment prevails in the derivatives market. More buy orders are executed by takers.
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▶️Bitcoin: Taker Buy Sell Ratio - All Exchanges
Values above 1 indicate that bullish sentiment prevails.
Values below 1 indicate a predominance of bearish sentiment.
Net deposits on exchanges high compared to the 7-day average can be interpreted as higher selling pressure.
More and more investors are selling for a profit.
The movement of long-term holders over the last 7 days has been above average. If they were moved for the purpose of sale, this could have negative consequences.
Buying pressure from US investors on Coinbase is relatively weak.
Over the past 24 hours, 173667560.67 long positions were liquidated.
🔥 Elimination heat map:
⚠️Comment
▶️$BTC The concentration of liquidation levels in the 65,000-75,000 price range may indicate that the price is likely to move towards this zone.
⚠️An increase in OI indicates that there is more liquidity, volatility and attention coming into the derivatives market. The upward trend in OI may support the current ongoing price trend.
