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Dominando Cripto
Bearish
--・1.2k views
One of the primary risk factors in cryptocurrencies is leverage. Currently, Bitcoin finds itself in a region with a high concentration of Longs, indicating potential volatility in the coming days/weeks! We advise investors to make decisions cautiously, always aligning themselves with market sentiment and seeking opportunities with lower levels of risk. Market indecision is not necessarily a negative signal, but leveraging powerful metrics to make decisions can simplify the process. Even if Bitcoin continues to rise, we believe it's prudent to take profits when witnessing appreciation in the current days. Even if the price keeps going up! #BTC #ETH #BNB #SOL #FLOKI

One of the primary risk factors in cryptocurrencies is leverage. Currently, Bitcoin finds itself in a region with a high concentration of Longs, indicating potential volatility in the coming days/weeks! We advise investors to make decisions cautiously, always aligning themselves with market sentiment and seeking opportunities with lower levels of risk. Market indecision is not necessarily a negative signal, but leveraging powerful metrics to make decisions can simplify the process.

Even if Bitcoin continues to rise, we believe it's prudent to take profits when witnessing appreciation in the current days. Even if the price keeps going up!

#BTC #ETH #BNB #SOL #FLOKI

Disclaimer: Includes thrid-party opinions. No financial advice. May include sponsored content. See T&Cs.
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Our crypto map clearly shows the altcoins with the most long positions and short positions. #ENS , #PENDLE , and #AR currently have the majority of their leveraged positions in short positions (red quadrant). Meanwhile, #LINA , #PORTAL , #PIXEL , and DYDX are extremely leveraged in long positions (green quadrant). 95% of altcoins are in the green quadrant, indicating a greater interest in long positions. Come explore our platform and access all indicators for 3 days for free at Dominando Cripto $DYDX $PORTAL $ETH
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Bitget and CME stand out in increasing their share of Open Interest, while Binance and Bybit have seen a decline in recent days. The significant growth in Bitget's share reflects not only its global expansion but also its leadership in providing innovative DApp and Web3 solutions, attracting investors looking for the next frontier of decentralization in cryptocurrencies. Meanwhile, CME continues to lead the Open Interest market in 2024, driven by institutional trading and long-term strategies, highlighting its central role in the leveraged positions market. With Bitcoin's total Open Interest approaching $39 billion, the immense growth since the end of 2022, when it was around $10 billion, is undeniable. This reflects a growing interest from investors in leveraged positions, which makes the future scenario more uncertain and volatile. On the other hand, this increase demonstrates the market's maturation and the influx of more capital into cryptocurrencies.
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#TURBO altcoin is currently the cryptocurrency with the greatest distance from the 200-day moving average. It is 1200% above the average. #WOJAK is in third place with 300% above the average, and #PEPE is at 280%. Projects with these characteristics carry high risks for trading due to their high volatility.
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⚠️Coin Days Destroyed (CDD) is a metric that measures the value of time during which coins have been inactive before being transferred in a transaction. It's a tool to analyze the behavior of cryptocurrency holders, spotlighting activity in coins dormant for a significant period. CDD offers insights into how assets are being moved, especially those untouched for long periods, aiding in understanding market trends. Currently, the metric's moving average is trending upward, suggesting that old Bitcoins are being moved, indicating profit-taking by long-term holders. Historically, this has led to local tops and cycle peaks in Bitcoin prices.
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The Liquidation Levels indicator in Ethereum clearly demonstrates how many leveraged traders in Longs and Shorts have been adversely affected in the last 6 months. In the long term (6 months), the main liquidation levels were cleared, showing that traders were disadvantaged during this period. F rom a 3-month perspective, we can observe that the price of Ethereum quickly reached the major levels of Longs and Shorts, making trading difficult, with most traders being affected by stop triggers and forced liquidations. In the past month, the scenario is not much different, but as of May 21, over 90% of Short positions were eliminated, leaving good levels related to Longs. In the last week, traders persisted in maintaining their Short positions and were once again liquidated. Overall, the main levels are now in the region above $4k and especially below $3k, with the lower regions having higher values than the Short positions above the current price. We suggest visiting our website for more metrics and other cryptocurrencies: dominandocripto #Eth #Ethereum #ETF #Liquidations #Dump $ETH
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