The market direction index has entered a highly bearish state for the third time this year, with the previous two occurrences happening at the end of January and early April, followed by a rapid rebound and bottoming out in prices.
$BTC maintains a high concentration of short positions (slightly decreased), with short momentum still present. According to the liquidation map, the larger long liquidation zone for BTC falls between 98k and 100k, while the larger short liquidation zone falls between 107k and 109k.
ETH shows stronger data performance, while SOL remains the weakest. Today, $RVN has an unusually high negative funding rate, while $TRUMP has quickly risen to become a trending coin on Twitter, making related trading opportunities worth monitoring.
Data source: blave.org
