A quick look at the leverage data early in the morning, the density of long positions increased to the maximum.
BTC, ETH, SOL, the three currencies on the buy-borrow side completely outperform the sell side, and the market mood is clearly leaning towards buying, and this consolidated forecast requires additional caution.
$BTC: the volume of borrowing to buy is 1825.86 BTC, the volume of borrowing to sell is 52.86 BTC, the leverage ratio between buying and selling is rising, and long positions are overcrowded.
$ETH: the volume of borrowing to buy is 万 1.84 ETH, the volume of borrowing to sell is 822 ETH, the volume of borrowing to buy continues to rise.
$SOL: the borrowing volume for purchase is 万 12.68 SOL, the borrowing volume for sale is 3056.43 SOL, the difference between buying and selling is very large.
When the vast majority of people turn to one side, and with a lack of new purchase flows later, it is easy for concentrated liquidation to occur. The market seems to be expecting a rebound, but crowded long positions represent a hidden danger. Do not blindly pursue highs, hold current positions with caution, Be patient until the market chooses its direction.
This is just a data monitoring note, and does not constitute any investment advice