Compared with last week, the current market trend is obviously higher, and from the data point of view, the bulls are currently in a very good position. Why? đđ»
1ïžâŁ Chip surface: The chip concentration of most mainstream currencies remains bullish, that is, a few people/winners stand on the long side and retail investors stand on the short side, which is conducive to the development of the long side. $BTC $ETH We havenât seen any signs of winners starting to make profits yet... Only some of last weekâs strong currencies have shown similar signs, which I will share in the next article (such as $POPCAT, $BANANA ).
2ïžâŁ Funding: Traders actively use leverage trading to regain confidence in the market outlook. This generally occurs after the rising market begins.
3ïžâŁ Emotional aspect: Market sentiment has emerged from the gloom, and the pessimism in the market for more than three months since July has begun to recover. Traders are buying contract positions in large quantities (BTC OI has returned to high water levels), reflecting this phenomenon.
4ïžâŁ Kinetic side:#bitcoinThe energy of the short side squeezing the kinetic energy is decreasing. When this phenomenon occurred in the past, it could help the bulls attack.
đĄIn summary, the short-term bull situation is good, traders have regained confidence in the market, and funds may begin to shift to mainstream currencies. I will use the filter on the blave website to select tokens for operation! You can also try it đ
Data source:blave.org
