1. Net Inflows into Contract Positions and Spot
The net inflows into spot positions have shown significant fluctuations over different time intervals. For instance, the 15m interval saw a net inflow of 51.66k, while the 1h interval recorded a net outflow of -98.59k. This indicates a volatile market sentiment, with short-term traders reacting quickly to market movements. Over longer periods, such as 5d and 3d, the net outflows were substantial at -22.49m and -6.59m, respectively, suggesting a trend of capital withdrawal. This could be indicative of smart money or whales taking profits or reallocating their positions.
2. Spot Transaction Distribution
The spot transaction distribution reveals that the majority of transactions (19.76%) occurred in the price range of $0.0696 to $0.0863, followed by 16.76% in the range of $0.136 to $0.153. This distribution suggests that retail traders are more active in lower price ranges, while institutional traders might be focusing on higher price ranges. The concentration of transactions in these ranges could influence market dynamics, with lower prices attracting more retail participation and higher prices potentially driven by institutional interest.
3. Changes in Long-Short Ratio and Contract Trading Volume
The long-short ratio has increased from 2.4163 to 2.5362, indicating a growing preference for long positions. The contract trading volume increased by 8.53%, which, combined with the rising long-short ratio, suggests a bullish sentiment among traders. This could be driven by expectations of price appreciation or hedging strategies by larger market participants.