Analysis of shark and organization activity in the cryptocurrency market
Positioning strategies of sharks and organizations
In the period from June 16, sharks and large organizations have carried out mass shorting on 58 targets, including BTC/ETH and some other altcoins. This action indicates a positive trend towards a bearish direction, as market power players take advantage of short-term fluctuations to lock in profits or open short positions. With unrealized profits exceeding 20.65 million USD, these strategies have proven the accurate predictive ability of institutional investors regarding market trends in the near future.
Position size and performance
Currently, the total size of short positions has reached 78.55 million USD. Notably, only 2 out of 58 short orders are still in a loose loss state, reflecting the strength of the positive market space for investors betting on the bearish side. Among the altcoins, ETH is the top concern, bringing a floating profit of 4.2 million USD, while HYPE faces the largest floating loss, reaching 3.78 million USD.
The influence of shark activity on the cryptocurrency market
Experts indicate that the mass shorting activities from organizations during this time are a warning signal of the market's potential for strong corrections. Retail investors need to closely monitor, take advantage of suitable buying points, and pay attention to significant fluctuations from 'sharks' to have an optimal strategy and minimize risks. The cryptocurrency market still exhibits strong volatility, therefore analyzing the activity of organizations will help players seize profitable opportunities more effectively.
Source: https://tintucbitcoin.com/ti-phu-tien-dien-tu-short-58-tai-san/
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