Are you still holding and having faith in $STRK? I guess 100% still are, I am too when checking the trading situation on Binance.
Are you still holding and bullish on $STRK? I guess 100% still are, I am too when checking the trading situation on Binance.
STRK derivatives data:
Netflow
Almost always negative, meaning the amount of $STRK withdrawn from the exchange is greater than the amount deposited: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).
=> The price has decreased from the beginning of December to the present, but the amount of token withdrawal from the exchange to wallets is also considered the second highest this year, after March and April 2024.
Trader
- Volume decreased by 15.39%, down to $50.60M: The trading activity of STRK is significantly declining -> Caution from investors.
- Open Interest (OI) decreased by 5.16%, to $70.36M: Some investors have closed their positions. However, the decrease is not too large, indicating a certain level of interest from investors.
(OI is the total number of derivative contracts (futures, options) that have not been settled or closed).
Long/Short ratio on exchanges
- Long/Short ratio (24h): 0.9246: Traders are tending to be more balanced, but still slightly leaning towards a bearish trend.
Long/Short ratio on Binance
- Binance
: 4.4526
The number of Long positions (expecting price to rise) is many times greater than the number of Short positions, primarily small retail investors are optimistic about the price.
The ratio of Top Traders on Binance:
- Top Trader Long/Short Accounts: 6.1736 (high), reflecting that they are quite optimistic about the upward price trend.
- Top Trader Long/Short Positions: 2.7131, this ratio is significantly lower than 6.1736.
Although the top traders still lean towards Long, they have reduced the size of their positions, possibly to limit risks in the current context.
But being 6 times that high is a lot, there is still strong confidence.
#BTC☀️