Today’s on-chain data


Institutional Bitcoin futures long-short ratio: 1:2
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Clearly bearish
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Compared to the past 7 days:
Short positions have significantly decreased, from 100 million to 44 million shorts.
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Long positions remain unchanged, at 20 million longs, with no significant change in holdings.
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This indicates:
Institutional bearish sentiment has decreased,
A trend reversal is imminent!
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Actions:
Reduce futures contract positions,
Primarily short positions.
If it rebounds to 67,400, open a short position first.
#加密市场行情震荡
The sideways trend is about to turn,
The direction is influenced by the Federal Reserve policies since May after the WOTX took office.
BTC-0.03%
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