The market direction index showed a higher bearish index on the second day. This year, higher bearish conditions appeared in early April, early June, and early August, followed by a rebound in the market.
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$BTC saw a quick shift to bearish concentrated positions yesterday, resulting in a slight decline today, with whales leaning towards neutral long positions and bullish momentum increasing. According to the liquidation map, a large number of long positions are liquidated around the 117k level, while the liquidation area for short positions is concentrated around 124k. Seize the opportunity to go long on dips!
ETH and SOL have both weakened in concentration, with whales clearly closing long positions, indicating a stage for mainstream cryptocurrencies. Some altcoins performing strongly today include $SOLV and $HYPE , with data favorable for bullish development.
Data source: blave.org
