bitcoin price
Bitcoin and Big Caps Recover After $400 billion Market Rout - Decrypt
published: 19 minutes ago
Growth returns to crypto as serveral projects including Ethereum and Binance show double digit growth. Stock Markets were choppy.
smart summary beta
According to the top traders' long-to-short data and various funding rate indicators, retail traders took the largest hit. The top traders' long-to-short indicator is calculated by using clients' consolidated positions, including spot, margin, perpetual and futures contracts. OKEx top traders were aggressive net buyers over the past three days. Lastly, Binance top traders started at 1.36, favoring net longs, but were either liquidated or opened net shorts until reaching the current 1.23 level. Overall, the average top traders' long-to-short position went from 1.01 (flat) on Jan. If top traders are net buyers, then retail must be holding the other end, even if that happened through leveraged long liquidations. Known as the funding rate, this indicator will turn positive when longs are the ones demanding more leverage.
