📊 Let’s see what the current data of $BTC says...
-HC chip concentration: short positions are concentrated, but the short concentration level is low. You can pay attention to whether the short concentration becomes stronger again in the subsequent decline. If it does not strengthen, there may be signs of a bottom.
-WH whale alert shows that whales closed long positions after the FOMC meeting. Currently, no obvious whales have been seen to open long positions.
-SM Squeeze momentum begins to turn into short momentum.
-TI's long and short strength shows that retail investors have no obvious signs of short or long selling, and are more on the sidelines.
According to sector rotation data, the worst-performing (and possibly most oversold) sectors in the past 30 days are: modular blockchain, re-hypothecation, and #dex.
If the market strengthens in the future, the potential tokens in these sectors may have a strong recovery market.
📈.. For example... $UNI $PENDLE $CHR
Data source:blave.org
