Glassnode: With price back above $90K, perpetual open interest has risen from 304K to 310K $BTC (~2% increase), while the funding rate has heated up from 0.04% to 0.09%.
This combination signals a renewed buildup in leveraged long positioning, as perpetual traders position for a potential year-end move.
This combination signals a renewed buildup in leveraged long positioning, as perpetual traders position for a potential year-end move.
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🎯 Overall sentiment has remained extremely tense for several weeks.
The general consensus is clear: most investors have turned pessimistic 👇 However, during such periods, the market typically moves against the majority.
😏 Historically, these phases have often marked market bottoms, although caution is still required, as in prolonged bear markets (which I do not believe we are in today) this signal can persist.
Therefore, this may be a favorable time for those who maintain an optimistic outlook
The general consensus is clear: most investors have turned pessimistic 👇 However, during such periods, the market typically moves against the majority.
😏 Historically, these phases have often marked market bottoms, although caution is still required, as in prolonged bear markets (which I do not believe we are in today) this signal can persist.
Therefore, this may be a favorable time for those who maintain an optimistic outlook
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NEAR coin. 💰
The coin has returned above the highest volume level at $1.50. If the coin remains above this level during its movement, the upward movement will continue with renewed strength. The main target for growth is the VAH volume level at $1.73.
The coin has returned above the highest volume level at $1.50. If the coin remains above this level during its movement, the upward movement will continue with renewed strength. The main target for growth is the VAH volume level at $1.73.
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😶 What's on our #BTC liquidation map?
▪️If it rises to $95k during the holiday season, shorts worth more than $5.14 billion will be liquidated.
▪️If it falls to $84k, longs worth more than $4.11 billion will be liquidated.
▪️If it rises to $95k during the holiday season, shorts worth more than $5.14 billion will be liquidated.
▪️If it falls to $84k, longs worth more than $4.11 billion will be liquidated.
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#GOLD price action at Nov 2018 when It was 1k2
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