Daily Update: On-Chain Data


Bitcoin Institutional Contract Long-Short Ratio: 1:5.5
Bearish dominance.
🍎
Indicates that institutions remain bearish on mid-term Bitcoin.
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Long positions are being widely closed around 72,000.
Meanwhile, institutions are heavily opening short positions around 73,000.
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We have been warning about a rebound peak to short.
Steady and slow gains.
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Market outlook:
This year is the big year for mid-term US elections,
According to tradition, in the first week of March, Bitcoin's second-highest point appears,
which is around 74,000.
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Then, during the election year in April-May,
Bitcoin will form a new bottom,
breaking 60,000.
After that, Bitcoin can enter a slow upward channel.
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Long-term capital's average holding cost is 55,000,
Psychological break-even cost is 40,000.
These are not absolute values; the market is changing.
🍎
When clear bullish signals appear,
They will be posted immediately to subscription updates, full position in spot.
🍎
Only going long can make big money.
In the current downtrend, preserve capital and aim for small profits!
#加密市场小幅下跌
BTC-2,82%
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YouduoDuovip
· 03-06 05:14
Good luck and prosperity 🧧
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