Hello HODLers,
This post will be about Crypto Futures data analysis combined with the Fear&Greed datas and my personal views about the upcoming months for Cryptocurrencies and Bitcoin in particular.
Binance Crypto Futures Data
Open Interest
As we can see, with the current bounce of the Crypto Market. The Open Interest increased to more bullish levels as traders and investors continue to build new leveraged positions after the big liquidation events of last
Top Binance Traders (Accounts and Positions)
Top traders account signal that the Long/Short ratio went down in terms of number of accounts and now sits at 47.8% Short / 52.2% Long.
In terms of Positions we can see the opposite at play and Long positions have been building up vs shorts. Today, June, 30th we sit at 47% Short / 53% Long. This is a metric more important to me as this is a notional value.
What about the Retail investors?
It seems Retail Investors have been selling their long positions and some even buying some shorts after this bounce. This is typical as usually retail traders tend to close positive positions fast and swing easily (which is usually not the good move).
Let's see what happens next but these metrics make me quite bullish as there is no excess greed at the moment and professional investors seem to be adding long positions while Retailers are selling theirs.
Bitcoin Fear & Greed Index
We are sitting quite low at c.30. Last time we were so low was back in March / April 2020 during the COVID19 Pandemic and we all know what happened next... The biggest Bullrun !
I also read in an interesting article that despite the FUD (UK Regulation, Binance FUD. Tether FUD...) Bitcoin moved UP ! Which was I must say surprising but it also shows that there might be a lot fo strong hands gathering these juicy Bitcoins.
To be continued...
What do you think Crypto's next move will be?
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Interesting post. I will need time to process this information completely, but I think you make some astute observations. The flippening of the shorts and longs, the accumulation by pros and selling by less experienced traders. I think these things point to a bullish phase coming, and while I am not 100% that there won’t be one more dip, I think it’s a good time to put my sidelined cash back into Bitcoin, and to max out a CDP with repetitive borrowing, recollateralization and borrowing.
Thanks for the knowledge, it’s priceless.
Upvote, reblog and tweeted.
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Thanks for the upriver and retweet. Indeed these data’s professionals vs retail were quite interesting.
Nevertheless we might see some short term turbulences. Oh so you do this buy / loan rebuy, etc… what platform do you use ?
Be prudent, I lost a lot of money playing with leverage and since I stopped I am doing MUCH better 😂
Take care
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I think the shorts is good because it means it can move up fairly quickly. I think we will go down first to test support but who knows.
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I do feel more "relaxed" seeing high level of shorts and index closer to fear than greed. There is space to move up.
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No. I am waiting for 12K
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Seriously? Then I wish you to be wrong. I am thinking of a huge bull run to 80-90k and then a correction to 10-20k. I guess you see the correction first xD
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Here is my post.
https://leofinance.io/@chorock/5-reasons-for-btc-price-may-go-down-to-12k-usd
I explained why I am waiting for 12K. I will not bu surprised If I see 12K, but nothing is certain :)
So many shorts still but we will see this ratio changing in a few days IMO
In which way, pick a side my dear @toofasteddie :D
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UP
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History tends to repeat itself. I think a big bullrun is definitely coming before a big bear.
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Indeed, that would be what we have seen in the past. But I see so many scams and ponzi projects that it seems we are still at the top xD
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Lol, you are right @vlemon. We are still doing great. I think my money is much safer in bitcoin than it is in fiat or any other shitcoin.
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I imagine a fairly aggressive bull cycle and a new rebound position if the price goes back down, I think maybe a $45K or $50K position is not out of the question.
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I think it is definitely possible and it is what I am looking for tbh.
Thanks for stopping by and writing a comment.
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I think it might range for a bit more before recovering but I certainly expect to see it rebound this year.
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I am getting worried now in the short term with the monthly and weekly close coming up. Well, usually when I don’t know I need to stick to the plan 😂
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yeah, some days it makes me nervous other days, I'm chilling... waiting for Sept.
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Great report, the longs vs short is a good sign of some more confidence creeping back into the market. Also nice to see we've moved away from the extreme fear rating!
I just wonder if we're still in an accumulation phase with whales snatching up coins on mass, hopefully they decide we're worthy of one more leg up!
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!LUV 1
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Thanks for the heads-up !
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Pas de soucis. "stay safe" 😊
Thanks this info is quite helpful bull run all the way.
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Congratulations @vlemon! You received a personal badge!
Wait until the end of Power Up Day to find out the size of your Power-Bee.
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Check out the last post from @hivebuzz:
I sincerely feel that FUD does not end any bull market, greed does. So, we should expect big moves ahead.
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@vlemon, you were given LUV from @makeitreal95. About LUV: https://peakd.com/@luvshares
I think we are in a lateral phase of accumulation. I expect growth
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