$BTC Short position concentration decreased, whales closed short positions, retail investors went short, BTC saw a rebound after a divergence in concentration last night. If the concentration and momentum can continue to recover, the market will continue to rebound. The scarcity of funds indicator has reached a higher level not seen in nearly a year, indicating that traders are unwilling to borrow more funds for leveraged operations.
$ETH Short position concentration slightly decreased, whales leaned towards closing short positions, and retail investors saw long positions liquidated during the decline. Some altcoins showed strong performance in terms of data, such as $AIXBT , AAVE, KAS, etc., and you can use the abnormal rise and fall radar to find strong coins!
Data source: blave.org
