The #meme sector has been strong recently, but the sector will eventually rotate. Here we use the data of four coins to compare the strength:

- $BANANA It started to weaken after the well-known KOL called the market❓From the data point of view, the concentration of bulls began to decline after reaching a new high, and the giant whales took obvious profits. Although the momentum is biased towards the long side, if the giant whales continue to sell goods, the momentum will It may decline at any time, and the bears will have the opportunity to seize the momentum.

- $POPCAT A similar situation occurred with the popular meme coin in the past few weeks. The chips were weaker than BANANA. The chips changed rapidly after the price reached a high level, and the whale shipments were very obvious.

The above two are both cases of early strength but recent decline. Compared with mainstream currencies, $BTC $ETH has significantly more chips and has not yet weakened. Giant whales are more long on these two currencies.

Do you understand? If you are a short-term trader, you can use contract data to examine the currency data, and further eliminate the weak and retain the strong, and find trading opportunities! ✅

Data source:blave.org

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