Crypto Market Insights • On-Chain Research • Whale Tracking • Trade Setups • Community: https://xitter.cf/t.co/nKr0KIvBSH • DYOR | NFA
Joined January 2022
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Welcome to the new Block Hunter community.
Everything I research, all in one place.
🔗 t.me/HunterOnChain
First, let’s look at the price action.
After $PHA touched $0.10, we saw a correction. During that correction, Open Interest dropped slightly, suggesting that some positions were closed.
But here’s what’s interesting. Open Interest is now recovering, currently around $8.1M, up 65.50% in the last 24 hours. This suggests that traders are opening positions again as $PHA starts to recover.
We can also see a fresh spike in trading volume. If this activity continues, it could help support another move higher.
The funding rate is also worth watching. Binance’s current funding rate is around -0.0080%, while the predicted rate is -0.0344%. This means shorts are paying longs under the current funding structure, which could create an interesting setup if price moves higher.
But the most interesting part is the Long/Short data.
Around 50.54% of traders are long, while 49.46% are short on the 1-hour timeframe. Positioning is almost balanced, with a slight tilt toward longs.
In my view, $PHA could have more upside potential after this correction
NFA. DYOR.
So guys, this is exactly what I was talking about with $GTC. Look at $GTC now. All our TPs have been hit!
Trading isn’t just about charts.Experience, on-chain data, and market psychology matter too. Understanding how traders react can help us spot opportunities others might miss.
NFA.DYOR
Is $GTC About to Start Another Move?
First, look at the volume.
Did you notice how $GTC volume is starting to rise again? After staying relatively low for a long period, we’re seeing fresh volume spikes. If this activity continues, a new move could be starting.
Next, we can see that $GTC Open Interest is around $12.2M, up 62.10% in the last 24 hours. This sharp increase suggests that more positions are entering the market. The key is whether this activity supports a sustained move higher.
We can also see that Binance’s current funding rate is around -0.3618%, with the predicted rate at -0.2521%. This negative funding rate means short positions are paying longs under the current funding structure, indicating a bearish positioning bias in the perpetual futures market.
Now, we can see that around 51.5% of traders are long, while 48.5% are short on the 30-minute and 1-hour timeframes. The ratio is slightly tilted toward longs, but the market is still relatively balanced.
In my view, if $GTC sees a small correction and buying pressure returns, we could see another move to the upside.
NFA. DYOR.
This gem is insane!Last month, we caught a big move and made around 400% gains. I shared 4 setups on this token in my community, and all 3 hit every TP.
Now I’m noticing something interesting again. Open Interest is rising sharply alongside strong trading volume, but the price hasn’t moved much yet.
This could be a sign that a bigger move is building up. (Always Dyor)
Look at the Current Positions of Traders and Whales on $BR
Around 59.90% of long traders are in profit, while only 26.01% of short traders are profitable.
The whale data is also interesting. Around 53.46% of whales holding long positions are in profit, compared to just 24.52% of whales holding short positions.
Long positions are also larger in value than short positions. Whales hold around $1.82M in long positions versus $1.26M in short positions. This suggests that long positions currently have an advantage.
But here’s what caught my attention. In the latest 30-minute data, traders recorded around $235.68K in net buy volume, while whales recorded $152.22K. Both figures are higher than their respective net sell volumes, suggesting that buying pressure is currently stronger.
In my view, if buying pressure continues after a small correction, $BR could make another move to the upside.
NFA. DYOR.
Is $GTC About to Start Another Move?
First, look at the volume.
Did you notice how $GTC volume is starting to rise again? After staying relatively low for a long period, we’re seeing fresh volume spikes. If this activity continues, a new move could be starting.
Next, we can see that $GTC Open Interest is around $12.2M, up 62.10% in the last 24 hours. This sharp increase suggests that more positions are entering the market. The key is whether this activity supports a sustained move higher.
We can also see that Binance’s current funding rate is around -0.3618%, with the predicted rate at -0.2521%. This negative funding rate means short positions are paying longs under the current funding structure, indicating a bearish positioning bias in the perpetual futures market.
Now, we can see that around 51.5% of traders are long, while 48.5% are short on the 30-minute and 1-hour timeframes. The ratio is slightly tilted toward longs, but the market is still relatively balanced.
In my view, if $GTC sees a small correction and buying pressure returns, we could see another move to the upside.
NFA. DYOR.
Looking at the $AGT futures data, retail traders and whale accounts are leaning bearish, while whale positions remain bullish.The interesting part is that Smart Money Sentiment is still extremely bullish
