$BTC
BTC
63,991.24
+0.24%
Δημοσίευση
CryptoQuant Quicktake
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$BTC: Correction Risk Assessment Based on Funding Rate Data
- According to data on CryptoQuant, $BTC has been in a correction phase since late last year, pulling back to around the $61.4K mark. However, the Funding Rate has reversed sharply upward and recorded a high positive level; this phenomenon indicates that market sentiment is still heavily leaning towards Long positions. Despite the price decline, many traders are still using leverage to catch the bottom and are willing to pay high Funding fees to maintain their positions.
- Based on historical patterns, when the leverage structure of the Long side is excessively large during a downtrend, the market typically requires a liquidation sweep to shake out the leverage before finding a new and more solid equilibrium zone.
- With the liquidity from Long orders accumulating below, the probability of $BTC continuing to test lower support zones to complete the shakeout is a scenario that should be prioritized for monitoring in the short term. This period requires caution in managing leverage risk.
Written by Rei Researcher
- Based on historical patterns, when the leverage structure of the Long side is excessively large during a downtrend, the market typically requires a liquidation sweep to shake out the leverage before finding a new and more solid equilibrium zone.
- With the liquidity from Long orders accumulating below, the probability of $BTC continuing to test lower support zones to complete the shakeout is a scenario that should be prioritized for monitoring in the short term. This period requires caution in managing leverage risk.
Written by Rei Researcher
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