Altcoin recovery? 🤔 Mainstream/copycat rise and fall data show that after the market plummeted, the rebound performance of the copycat was even better than $BTC 🔥...

🪙 Funding: Market funds continue to be abundant. The current capital scarcity index has begun to rise as the market has fallen, which means that some traders have begun to gradually increase leverage.

From the past few times when the market has abundant funds (traders are conservative), we can find that when the fund scarcity index starts to rise, the market is gradually approaching the bottom until the index turns from red to green and starts to rise.

🫸🫷Momentum: Based on the $BTC squeeze kinetic data, it was found that the short kinetic energy of yesterday’s decline in BTC reached a new high in more than a year, which is stronger than the decline in January and May this year.

We have not yet seen the decline of short momentum, but we can know that when historical extreme values ​​appear, they may not last long, and we can continue to pay attention to the market performance.

📊 Market direction: Based on the analysis of several major data from http://blave.org, the current market trend is biased toward short positions, and the overall chips have not yet been converted to long positions (retail investors prefer long positions, and giant whales prefer short positions). Funding indicators have begun to rise, and the strength of long and short positions is medium. sex.

💡The market may continue to be volatile and weak for a period of time. Traders should carefully assess risks and observe data changes to assist trading decisions!

Data source:blave.org

#CryptoPCEWatch #MtGoxJulyRepayments #CryptoTradingGuide