비트코인숏
BTC: Institutions Not Convinced of Bullishness Yet
업데이트됨
First of all, please support our work by smashing that like button or following! These really help us to reach more traders like you!
BTC’s recent lack of market interest is leading to a concerning drop in the CME open interest money flow index. The last two times this index dropped below 30 is correlated with at least 3 months of BTC corrections.
The bottom indicator in the chart above shows the net position for CME institutional traders over time. This includes both the leveraged fund positions and the asset manager positions on CME. Even though CME displays other trader categories, we find the institutional traders’ behavior most reliable.
Currently, CME institutional traders’ net position remains similar to the level in mid-February 2020 (the BTC price peak before "black Thursday" 40% drop), and it has been dropping significantly since BTC attempted 10k. For a short-term break above 10k scenario to work, we would like to see the institutional net positions reversing to an increasing trend.
Are you currently a bull or a bear on BTC? All thoughts and critics are welcomed!
=====================================================
🌐 We believe in the power of blockchain data analysis!
=====================================================
BTC’s recent lack of market interest is leading to a concerning drop in the CME open interest money flow index. The last two times this index dropped below 30 is correlated with at least 3 months of BTC corrections.
The bottom indicator in the chart above shows the net position for CME institutional traders over time. This includes both the leveraged fund positions and the asset manager positions on CME. Even though CME displays other trader categories, we find the institutional traders’ behavior most reliable.
Currently, CME institutional traders’ net position remains similar to the level in mid-February 2020 (the BTC price peak before "black Thursday" 40% drop), and it has been dropping significantly since BTC attempted 10k. For a short-term break above 10k scenario to work, we would like to see the institutional net positions reversing to an increasing trend.
Are you currently a bull or a bear on BTC? All thoughts and critics are welcomed!
=====================================================
🌐 We believe in the power of blockchain data analysis!
=====================================================
노트
The weekly outlook & overview now updated from both TA and FA perspectives.
Building the future global economic system
관련 발행물
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.