CryptoQuant Analyst: BTC Holding at High Levels Indicates Buyer Absorption of Selling Pressure, Potential Short Squeeze Could Act as Catalyst for Upside
BlockBeats News, July 25th, CryptoQuant analyst Axel posted on social media that currently, the Futures Net Position has plummeted to a deep negative value, breaking through the $100 million mark (hitting the highest bearish pressure level since early July).
Nevertheless, the Bitcoin price still holds around $115,000, indicating that buyers are partially absorbing the selling pressure. Such an extreme negative open interest divergence may become a catalyst for a short squeeze as the price continues to rebound. However, as long as the open interest remains in the maximum bearish pressure zone, the risk of further decline still exists.
También te puede interesar
Ganadores
Últimas noticias sobre criptomonedas
Jupiter Releases HumidiFi Token WET ICO Guidelines
The cryptocurrency mining company supported by the Trump family saw its stock price "halved" in 30 minutes.
Deutsche Bank: If the next Fed Chair fails to effectively address inflation risks, the US Dollar may face downward pressure
Nine-Time Winning Trader Suffers First Defeat, Closing Out Short Position with Over $1.78 Million in Losses
The U.S. Money Market Asset Size Exceeds $8 Trillion for the First Time
Atención al cliente:@weikecs
Cooperación empresarial:@weikecs
Trading cuantitativo y MM:[email protected]
Programa VIP:[email protected]