A summary of the current data for $BTC
Looking at contract leverage, long positions are still increasing, so they haven't given up yet. The funding rate was negative for a while during yesterday afternoon's session, but turned positive again before the market closed this morning.
(Figure 1)
Looking at the spot holdings structure, only a small number of the two to three million bitcoins held by investors who bought in the 750000 to 85000 range have been sold at a loss. This suggests the current decline has had only a limited shakeout effect on spot investors.
(Figure 2)
According to Bitcoin's Ahr999 Index, Bitcoin has now entered the buying-the-dip zone.
(Figure 3)
Looking at contract leverage, long positions are still increasing, so they haven't given up yet. The funding rate was negative for a while during yesterday afternoon's session, but turned positive again before the market closed this morning.
(Figure 1)
Looking at the spot holdings structure, only a small number of the two to three million bitcoins held by investors who bought in the 750000 to 85000 range have been sold at a loss. This suggests the current decline has had only a limited shakeout effect on spot investors.
(Figure 2)
According to Bitcoin's Ahr999 Index, Bitcoin has now entered the buying-the-dip zone.
(Figure 3)
