Hello everyone, yesterday we have got a big dump basically on every crypto. Today we have something like a cool-off stage. A pullback is expected to the Fair value gap(FVG), which is around $2 and maybe we can get even to the supply zone at around $2.06. Then we should see again move down to take $1.78 level and depending on the reaction to that level we will get a strong move up or downtrend will continue likely to the next demand zone at around $1.44.
Data Analysis
1. $FTM Price Statistics
2. Funding Rates For Perpetual Swaps
All rates quoted are 8-hour rates. Positive funding rates suggests speculators are bullish and long traders pay funding to short traders. Negative funding rates suggests speculators are bearish and short traders pay funding to long traders. Funding rates (0.01%) is neutral. Funding rates(below 0.01%) are green color, it's bullish. Funding rates (above 0.01%) are red color, it's bearish. The stronger the bearish or bullish sentiment, the darker the color.
3. Total $FTM Futures Open Interest
Open interest measures how many long and short contracts there are in the market. There is an equal amount of logs and shorts, but that doesn't necessarily mean that there's an equal number of long and short traders. It is used as an indicator to determine market sentiment and the strength behind price trends. Increasing open interest is typically a confirmation of the trend whereas decreasing open interest can be a signal that the trend is losing strength.
4. Total Liquidations $FTM
In the context of cryptocurrencies, forced liquidation happens when the investor or trader is unable to fulfill the margin requirements for a leveraged position.
5. Exchange $FTM Long/Short Ratio
6. Top Futures Traders Positions/Accounts
All percentages represent long percentages. U=USDT or USD Margined ,C=Token Margined,F=Futures.
Long Position % = Long positions of top traders / Total open positions of top traders
Short Position % = Short positions of top traders / Total open positions of top traders
Long/Short Ratio (Positions) = Long Position % / Short Position %
Long Account % = Accounts of top traders with net long positions / Total accounts of top traders with open positions
Short Account % = Accounts of top traders with net short positions / Total accounts of top traders with open positions
Long/Short Ratio (Accounts) = Long Account % / Short Account %
Disclaimer: Not financial advice. If you blindly follow people on the internet you deserve to lose money.
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