Current market analysis
Risk aversion rises:
Investors have turned to safe-haven assets due to concerns about a U.S. recession, deleveraging due to yen carry unwinding, and uncertainty about the U.S. election.
As a result, risk assets such as Bitcoin have come under pressure.
Oversupply and stop-loss selling have further intensified, trading activity in the pie has cooled, and market transactions have gradually shifted to the spot market.
Market long and short trading and emotional balance:
The pie market achieved a balance of buying and selling power in June, forming a bottom equilibrium state.
Speculative demand and the use of leverage are significantly reduced, market volatility subsides, and spot trading dominates.
Investor sentiment became more cautious, with the ratio of forced liquidations to return volatility reaching new lows.
Profit and loss situation of holders and changes in strategies:
The seller risk ratio is close to zero, and most currency holders are currently in a profit-free state.
Short-term holders suffered most of the losses. After the market risk decreased, short-term holders began to turn to long-term holdings.
Long-term holders have stronger confidence in the future market, showing an obvious tendency to accumulate and hoard currency, and profit-taking activities have reduced.
Market prospects and trends:
The risk of the big pie market has been significantly reduced, and a bottom equilibrium situation is forming. 📈 Want to learn more about the logic of cryptocurrency investment? Please visit my main leaf simplicity.
The increase in long-term holders and increased confidence in the future indicates that a higher price trend may be brewing in the market.
