The current market direction is still mainly in a volatile pattern, with market sentiment and funding remaining pessimistic. $BTC has a chance to successfully build a bottom in the next few days, and we need to continue observing the data status.
Assuming a rally in altcoins starts later, we can capture better trends by looking for strong altcoins to go long. Today, I selected three potential coins through the coin screening tool: $SLERF $MAGIC $LDO , and of course, there are also the popular ones from the past two days: #ME ...
From ME's data perspective, it can be seen that today's chip concentration has shifted from short to long (which is an active bullish signal), and whales are leaning towards going long, while bearish momentum is also starting to decline. It feels like something big is about to happen!
Data source: blave.org
