#2024WithBinance The market has shown excessive optimism after BTC reached 100k. Be cautious of the risks when chasing purchases at the peak! The meme sector is experiencing a bit of bullish momentum, such as NEIROETH, PEPE, TURBO, SOLCAT, and some other coins. The allocation ratio of holders is showing signs of improvement. You can monitor whether memes will return to the playing field at a time when there are signs of the short-term altcoin season ending.
#btc #memecoins According to the historical activity of maincoins/altcoins, the altcoin market has begun to weaken, and maincoins have regained strength. The market has shown excessive optimism after BTC reached 100k. Be cautious of the risks when chasing purchases at the peak! The meme sector is experiencing a bit of bullish momentum, for example NEIROETH, PEPE, TURBO, SOLCAT, and some other coins.
BTC long concentration has recovered, with whales placing long positions while retail investors are placing short positions. For ETH, short concentration has started to decrease, with whales turning long again.
Sector rotation data shows that the RWA sector has performed strongly today. We can pay attention to whether the DePin group continues the trend of RWA in the coming days.#BTC☀
#ETHOnTheRise The long-term buy position concentration rate of BTC has decreased, as whales have shifted to short selling, while retail investors continue to buy long-term. The upward momentum of BTC is gradually weakening, and there is a possibility that the market will experience a slight correction before continuing to rise, which requires special attention.
For ETH, the holding ratio has tilted towards a short selling position, but the upward momentum is still present.
The long ratio of BTC is increasing, whales have closed short positions, but the upward momentum of longs continues to decline. During the period of BTC moving sideways, you can look for trading opportunities in strong sectors.
The short ratio on SOL has decreased, and whales tend to close short positions. Today, you may want to pay attention to L1 projects and meme coin groups.
The long BTC ratio is increasing, whales have closed their short positions, but the upward momentum of longs continues to decline. During the period when BTC is moving sideways, you can look for trading opportunities in strong sectors.
The short ratio on SOL has decreased, and whales tend to close their short positions. Today, you may want to pay attention to L1 projects and meme coin groups.