The market direction index continues to show bullish signals, liquidity remains scarce, and market sentiment is overly optimistic, indicating that the market is entering the FOMO stage. $BTC bullish positions are slightly concentrated (more dispersed), while whales still lean towards the bulls with continued decline in bullish momentum.
The altcoin market is ongoing, and the current mainstream/altcoin index has reached the low levels of early July. It is worth monitoring whether it continues to decline; if it does, the altcoin market will continue to unfold. In the short term, $MEW , NEAR, and BTC have seen a significant amount of long positions getting liquidated. According to the filter, BCH, $HOME , QNT, and other coins are in a lagging upward trend, so it is worth paying attention to potential trading opportunities.
Data source: blave.org
