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btcalltimehigh
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The Bitcoin price increase has not ended yet!?
Although BTC has risen to nearly $120k and reached a new ATH, short-term BTC holders under 155 days have not started to sell for large profits. This group has an average purchase price of around $100k, meaning current profits are around 17-18%
To identify the local peak of Bitcoin, we need a stronger profit-taking force. This means the orange line on the chart needs to move into the red zone
On the other hand, in the derivatives market, although Open Interest is increasing, the Funding Rate remains neutral/slightly positive. This means that investors are not opening aggressive long positions with high leverage due to FOMO sentiment
The data above shows that market sentiment is still quite calm.
#TradeCoinVN_Official #Binance #BTCAllTimeHigh #AltcoinSeason
Although BTC has risen to nearly $120k and reached a new ATH, short-term BTC holders under 155 days have not started to sell for large profits. This group has an average purchase price of around $100k, meaning current profits are around 17-18%
To identify the local peak of Bitcoin, we need a stronger profit-taking force. This means the orange line on the chart needs to move into the red zone
On the other hand, in the derivatives market, although Open Interest is increasing, the Funding Rate remains neutral/slightly positive. This means that investors are not opening aggressive long positions with high leverage due to FOMO sentiment
The data above shows that market sentiment is still quite calm.
#TradeCoinVN_Official #Binance #BTCAllTimeHigh #AltcoinSeason
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