Look at the two ingredients out of 6. The OI+price change and LSR suggest clearly bearish, it was expected after a long bull run . On top of this these two news are main reason for the down market.
** Rise in bond yields.
**The U.S. Senate failed to reach the cloture threshold to advance the Digital Asset Market Clarity Act.
Fundamental Analysis: $BTC
Period: Last 1 Day
1. Taker Buy/Sell Ratio (Spot)
Taker Buy: 46.75%
(last 2 x 1d candles)
2. Funding Rate (Futures)
Rate: 0.0003%
Mark Price: $83,479.90
3. Open Interest Change (1 Day)
Change: -7.70%
Price Change: -3.12%
4. Long/Short Ratio (Futures)
Long: 53.7% Short: 46.3%
Ratio: 1.16
5. Futures Basis (vs Spot)
Basis: -0.050%
6. Fear & Greed Index (Market-wide)
71/100 (Greed)
7. TOTAL MARKET SCORE: NEUTRAL / MIXED (score: 1)
- Money flow: BALANCED (taker buy 46.8%, score +0)
- Funding: BALANCED (0.0003%, score +0)
- OI+Price: BEARISH (Short Buildup / Long Unwinding) (score -1)
- Long/Short: SLIGHTLY BEARISH (buyers not in a hurry, buying the dip) (ratio 1.16, score +0)
- Basis: FLAT (-0.050%)
- Fear & Greed: 71 (Greed, score +2)
*** The analysis is done by the automatic bot. To get this kind of analysis on real time basis use the bot, link is in my X post @SMC_crypto_96.
Please tip me if you find this helpful to you. So that I can keep the research on.
#US10YTreasuryYieldHits19YearHigh #BitcoinForecast
** Rise in bond yields.
**The U.S. Senate failed to reach the cloture threshold to advance the Digital Asset Market Clarity Act.
Fundamental Analysis: $BTC
Period: Last 1 Day
1. Taker Buy/Sell Ratio (Spot)
Taker Buy: 46.75%
(last 2 x 1d candles)
2. Funding Rate (Futures)
Rate: 0.0003%
Mark Price: $83,479.90
3. Open Interest Change (1 Day)
Change: -7.70%
Price Change: -3.12%
4. Long/Short Ratio (Futures)
Long: 53.7% Short: 46.3%
Ratio: 1.16
5. Futures Basis (vs Spot)
Basis: -0.050%
6. Fear & Greed Index (Market-wide)
71/100 (Greed)
7. TOTAL MARKET SCORE: NEUTRAL / MIXED (score: 1)
- Money flow: BALANCED (taker buy 46.8%, score +0)
- Funding: BALANCED (0.0003%, score +0)
- OI+Price: BEARISH (Short Buildup / Long Unwinding) (score -1)
- Long/Short: SLIGHTLY BEARISH (buyers not in a hurry, buying the dip) (ratio 1.16, score +0)
- Basis: FLAT (-0.050%)
- Fear & Greed: 71 (Greed, score +2)
*** The analysis is done by the automatic bot. To get this kind of analysis on real time basis use the bot, link is in my X post @SMC_crypto_96.
Please tip me if you find this helpful to you. So that I can keep the research on.
#US10YTreasuryYieldHits19YearHigh #BitcoinForecast