Let me analyze the current market with data
Currently, the BTC holding users of the exchange have reached the high point of August 25, and the long positions in the futures market on the 30th are nearly 3 times higher than the short positions. The upper short positions liquidated at 651000 are worth 283 million US dollars
The current funding rate is still in a balanced state or even at a relatively low position, indicating that the current market, except for long positions, rarely opens orders for shorts. This situation is like the long orders at the bottom of BTC63000 are very thick, while the long orders at the upper 64000 are rarely used to build blocks. The higher you go, the fewer blocks you can build
Here I tell you to be alert, not to be overly bearish. In addition to the low-level long orders and spot orders, you should be more cautious when opening orders. Stop loss is necessary. Although the current price behavior is very healthy, there is a hint of weirdness in the health. If the price breaks through 65500, then it will usher in a big market. If it fails to break through, it will usher in a deep correction, which can be large or small. Spot can continue to be held. Contracts reduce positions to avoid deep corrections when market liquidity
