Binance Yesterday's Update
Most Active Contracts: The USDT contract trading volume for ETH, BTC, and SOL was the highest, followed closely by XRP and DOGE.
Market Sentiment:
ETH: Slightly Bullish
BTC: Clearly Bearish
SOL: Extremely Bullish
XRP: Significantly Bullish
DOGE: Almost Unilaterally Bullish
Funding Rates: Except for XRP being slightly low, others are all at moderately positive rates, indicating that bulls have a slight advantage but are not overheated.
Key Observations:
BTC contract players are relatively cautious and bearish.
The extreme bullish ratio for SOL and DOGE, especially DOGE, is a typical risk signal, indicating a high possibility of short-term correction, with leveraged bulls being too crowded.
Overall funding rates are not high, but extra caution is needed for potential corrections in SOL/DOGE.
Crypto Circle Summary
The extreme bullish ratio for SOL and DOGE is a major risk point, and caution is needed for a potential short-term "bull kill bull" correction.
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