💡 The bearish signal in the market direction derived from the comprehensive analysis of the data has not changed significantly. Neither the top traders of Blave nor the traders on the #gTrade chain have a strong consensus... You can wait for a clear second exploration, and the long position will be Most suitable, short-term operations can be carried out according to the strength of the data surface.
$BTC C The concentration of chips has turned short again, and giant whales are more inclined to go short; 💰Funds continue to be abundant (traders are conservative), BTC short side momentum continues to decline, and there are more opportunities for short-term copycat markets.
Even in a weak and volatile market, there are opportunities for long and short transactions. I usually use filters to filter currencies suitable for long/short selling, or look for them through individual data (such as whale alerts, sector rotation, etc.)...
The following example, $TON $ETHFI , is a long-short case selected from the currencies with obvious whale participation:
📈 TON is more suitable for long-long positions are concentrated, whales are long, retail investors are short, and the momentum of the longs continues to increase (tailwind);
📉 ETHFI, which is more suitable for short selling - short chips are concentrated, whales are short, retail investors are long, and the short momentum continues to decrease (headwind).
Data source:blave.org
