Several major L1 public chains are following the BTC rise. There's no need to chase the rally excessively; one can wait for pullback opportunities to go long. Strength in order: SOL ⇢ SUI ⇢ AVAX ⇢ SEI.
$SOL : After a high concentration of bullish positions began to decline, whales are leaning towards the long side, and bearish momentum continues to decrease. Above the liquidation map, there are still a large number of short positions that can be liquidated in the range of 143.8 ~ 144.
$SUI : The concentration of bullish positions has rebounded, whales are obviously inclined to go long, and bearish momentum has also decreased. There is a significant amount of short liquidation at 1.79 above the liquidation map.
$AVAX : Retail investors' position structure mainly follows the market trend, with prices primarily influenced by the retail market. The concentration of bullish positions has decreased, retail investors are chasing the rally, and bearish momentum is declining. The liquidation map shows a large amount of liquidation up to 14.58 above.
#SEI : After the price rise, the concentration of bullish positions quickly decreased, with whales obviously closing long positions, and bearish momentum also decreasing. There is a large amount of liquidation up to 0.145 above the liquidation map.
💡Overall, although the aforementioned tokens show strong short-term price performance, the data aspect begins to not support such rises. It would be best to make adjustments based on the data to have room for further upward movement!
Data source: blave.org
