This chart is priced in US dollars and also includes data on the number of open contracts: Our number of open contracts has declined to a sluggish level in an upward trend; additionally, the number of short sellers taking profits is also very high. Historically, during this phase, the market has formed a bottom. Conclusion: Open contracts are at a sluggish level → near bottom signal; a large number of short sellers taking profits → bottom signal; an increase in long open contracts → possible continuation of consolidation.
{future}(BTCUSDT)
{future}(ETHUSDT)
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.See T&Cs.