Today, I want to talk about the star of the show, the SPX6900, which has recently 'gone viral' in the market. In just 24 hours, it actually surged by 12%, with bulls flipping the script and regaining control of the market.
This trend has led many to start discussing: Is it the whales making moves behind the scenes, or is retail demand really coming back?🤔
🐳 Are the whales really back?
The latest data has given a very clear signal:
In the spot market, large addresses have begun to gradually increase their positions around the $1 mark. This is actually quite crucial—because since SPX hit its low point, there has been almost no activity in spot accumulation, and now the sudden 'whale return' means they have recognized the current value range again.💎
In the futures market, whales' operations are even more stable. CryptoQuant's data shows that big players are orderly accumulating contract positions, indicating that this rebound is not a fleeting moment but a sustainable trend. The futures market has always been a battlefield with stronger directional movements; when whales increase their positions, it's like voting with real money: they are bullish! 📈
📊 Liquidity "magnet" targets: $1.8 and $2.
If you are still wondering what the next target for SPX is, the answer may lie in the liquidity data. CoinGlass data shows that there are two very obvious liquidity clusters in the market, located at $1.8 and $2. These positions act like "magnets" for prices, constantly attracting funds to get closer.
Why is this considered a bullish signal? Because when a large number of unfulfilled orders are placed at these price points, traders and investors will naturally push the price upward in order to trigger liquidity. In other words, SPX's short-term target is likely to hit $1.8 and then test $2. 🚀
😎 The bullish atmosphere is strong, but it's still lacking a bit of heat.
Currently, from spot to futures, whales' actions have rekindled optimism in the market. But one point to note: while the power of big players is strong, without widespread participation from retail investors, this market movement may still seem "hollow". After all, to truly enter a deeper bull market, it's not enough to rely solely on whales; more people need to join in to carry the momentum.
So, the next few days are very crucial. If SPX can break through the $1.8-$2 range supported by strong trading volume, there is a chance to lay the foundation for the next bull market cycle; but if the volume is insufficient after a surge, it could enter consolidation at any time. ⚖️
📝 Summary by Fan Fan
SPX6900 surged 12% within 24 hours, with bulls taking strong control.
Whales have begun to increase their holdings in both spot and futures markets again, which is an important signal of confidence warming up.
Liquidity data shows that the next key targets are $1.8 and $2.
The trend in the next few days is crucial; whether it can stabilize at $2 will determine if the market enters a deeper bull market cycle.
So, friends, what you need to do next is: 👀 Keep an eye on trading volume! Focus on the $1.8-$2 range! Don't forget, the market fears chasing highs and killing lows the most. If you want to reap rewards, be patient, follow the rhythm, and don’t act impulsively.
The market for October has just begun, and SPX's performance may just be a warm-up. Next, there will be more stories waiting for us to witness! 🔥#山寨季将至？
