BTC long majors exploded 4.97 million USD waiting for bottom confirmation

BTC retreated for multiple trading days in a row and fell below the 10-day SMA in the short term.

Important news:

1.Gray is considering adding 13 new cryptocurrency investment products.

  1. MSCI is considering to launch a cryptocurrency asset index.
  2. Ether client Geth released v1.10.4, adding compatibility with London test network.
  3. PolkaScan data shows an error and the Polka mainnet has not stopped out of blocks.
  4. Bitcoin miner Bitfarms to trade on Nasdaq from June 21.
  5. Cardano founder: Alonzo hard fork will take place within 90 days.
  6. Goldman Sachs Group: Bitcoin fails to meet reliable investment standards and is not well suited for retail investors.
    8.Coinbase Pro has officially opened CHZ, KEEP and SOL related transactions.
  7. Guggenheim CIO: Cryptocurrencies are the future.
  8. Bank of England executives: CBDC transactions may be tens of thousands of times more efficient than bitcoin.
    11.Kraken CEO: Nothing can replace bitcoin at the moment.
    12.Opera browser added Nervos to its crypto wallet.
    13.ETC Official: More than half of ETC has been mined.
  9. Data: BTC exchange 7-day average inflows drop to 20-month low.
  10. Paraguayan entertainment company Grupo Cinco will accept cryptocurrency payments next month.
  11. Survey: Majority of Salvadoran Entrepreneurs Oppose Mandatory Bitcoin Acceptance.
  12. McLaren to Build NFT Platform on Tezos.

Market Roundup.

According to Golden Fruit, the total amount of bursts across the network in the past 24 hours was $238 million. The largest blowout order was a BTC perpetual long blowout worth $4.97 million, which occurred on the Huobi Global exchange. The contract exchange with the highest blowout amount was Bybit Exchange, with a blowout amount of $105 million.

KEx:

BTC short term rally pattern is destroyed, short term if not stand back to 38000 or need to pay attention to the effectiveness of 36500 support.

According to OEOKEx investment research analysis, yesterday BTC was blocked from falling after the volume rebounded to 39500, and once fell below the 38000 support mark in the evening, briefly stabilizing above 37400 as of now. 38000~37300 as the bottom consolidation area strength and weakness division area, can be used as an indicator of the change in the strength of the long and short to reference. The current trend, has not effectively fallen below the weak and strong decomposition area along the lower edge of 37300, so there is still a strong probability, provided that can quickly stand back to 38000, otherwise it is probable to continue to put down and test 36500. fundamentally, the capital market is view quickly digest the Fed for the reduction of QE is expected to bring the negative impact, but from the overnight reverse repo rate and the excess reserve ratio are up 5 The operation of the basis points, the market for liquidity has reflected the reduction is expected, so for BTC is by no means good, investors should be cautiously bullish in the near future.

ETH support can focus on 2300 and 2250, resistance can be seen to 2380 and 2400. sol recent project good frequently, the trend is relatively firm, short-term support can focus on 38.3 and 37.5, do not break then continue to look upward to 41.7. DOT above resistance temporarily focus on 22.5 and 23.5, support focus on 21.8 and 21.2.

According to CoinGecko, an international third-party statistical agency, the 24-hour contract trading volume of OEOKEx platform is $15.4 billion.

FireCoin Exchange.

BTC dived sharply, focus on the support below 37000 after lunch

According to data from the Firecoin Global Station, BTC dived sharply last night to a low of 37341.77USDT, recovered slightly in the morning, and is now trading sideways at 38000USDT, with volume rising and falling back. From the daily level, BTC’s decline backwrapped 1/2 of Monday’s gains.

From the four-hour level, EMA5 has been located below EMA10 and EMA20, and the distance is increasing, accompanied by short term volume amplification, the short side is stronger, and the K-line continues to move downward. From the Bollinger band, the K-line continues to be located between the middle rail and the lower rail, showing that the short side prevails, with the K-line briefly hit the lower rail, the price began to rise; but the Bollinger band opening has a tendency to enlarge, the price fluctuations may increase in the short and medium term. dif continues to be located below DEA, MACD value from positive to negative, and brush chart negative value increases, showing that the short-side strength increases, the market trend downward. In the afternoon, we will continue to pay attention to the continuation of the down market and the breakthrough of 38,500USDT above and the support of 37,000USDT below.

According to the data from Firecoin Global Station, ETH dropped sharply last night, reaching a low of 2306.64 USDT, and continued to fall after a small recovery in the early morning, with no significant volume amplification. From the daily level, ETH is at a price low of nearly three weeks. The EMA5 has been located below the EMA10 and EMA20, and the distance is gradually increasing, the EMA5 downward trend is steep, the price keeps falling. the K-line continues to be located between the middle rail and the lower rail, the Bollinger band opening is enlarged. the DIF continues to be located below the DEA, both of which are negative with the brush chart, and the absolute value is increasing, indicating a downward market trend. In the afternoon, we will continue to pay attention to the continuation of the down market and the breakthrough of 2500USDT above and the support of 2300USDT below.

In terms of contracts, the big data of the fire currency contract shows that the position of BTC contract decreased slightly and the basis difference of the delivery contract decreased slightly.

The ETH contract position declined slightly, and the delivery contract spread declined slightly.

Gate.io Exchange

Gate.io perpetual contract trading data: BTC shocks to the downside, concerned about the continuation of the pullback

According to Gate.io contract trading data, as of 10:20 on June 18, the BTC/USDT perpetual contract was quoted at $37,371.67, while the spot was quoted at $37,360.35.

The BTC/USDT perpetual contract funding rate (only listed in the 8-hourly settlement) is 08:00.

The BTC/USDT perpetual contract funding rate (8-hourly settlement only) was (0.0001) at 08:00 and (0.0001) at 00:00 of the previous session.

The BTC/USDT perpetual contract has a long/short ratio of 35.73%:64.27% in 30 minutes, with total positions and transactions reaching 32,137,075 USDT,

From the 30-minute line, the BTC contract price was still mainly oscillating downwards yesterday, with the daytime rally all but retracted overnight.

The MACD indicator continued to run low below the zero axis line, and at 10:00 the two lines converged and bonded.

At 10:00 intersection bonding, the possibility of a dead fork down in the short term is greater, the market will likely test the support situation below $ 37,000.

If a short period of time continued to fall below the volume, down market or will continue, and may even trigger a new round of market diving phenomenon, the day need to continue to pay attention to

Volume changes, the recent market volatility, operation please pay attention to control risk.

Gate.io perpetual contract offer (up or down to 24H system display) BTC: $37371.67 (-3.58%); rate (0.0001)

ETH: $2314.15 (-4.20%); rate (0.000079)

DOT: $21.843 (-7.33%); rate (0.0001)

XRP: $0.8306 (-3.31%); rate (0.000099)

DOGE: $0.3027 (-3.24%); rate (0.0001)

Contract market data.

  1. Volume, positions on each exchange.

The market has shown a slight retreat in BTC over the past 24 hours, with the volume of each exchange falling slightly while the positions did not change much.

BTC long majors exploded 4.97 million USD waiting for bottom confirmation
BTC long majors exploded 4.97 million USD waiting for bottom confirmation

Source: Skew

  1. Long/short ratio of position holders on major exchanges

OKEx long/short ratio: The long/short ratio started to retrace within 24 hours, with the value oscillating down from 1.52 to around 1.47.

Long-short ratio of CoinSec positions: The number of long-short positions continued to rise within 24 hours, currently from 1.6 to 2.18.

  1. Long-short ratio of positions on major exchanges

OKEx elite long/short average position.

Among the elite accounts of the three exchanges, OKEx and Cryptocurrency Exchange are long dominant, while FireCoin Exchange is short dominant.

Posted by:CoinYuppie,Reprinted with attribution to:https://coinyuppie.com/btc-long-majors-exploded-4-97-million-usd-waiting-for-bottom-confirmation/
Coinyuppie is an open information publishing platform, all information provided is not related to the views and positions of coinyuppie, and does not constitute any investment and financial advice. Users are expected to carefully screen and prevent risks.

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