The major/altcoin performance index has recently dropped to a low point, indicating that altcoins are showing unusually strong performance compared to major coins. A similar situation occurred on July 21, and shortly after, altcoins turned significantly bearish, so caution is needed!
$BTC is still maintaining a concentrated short position, with whales leaning towards short selling and long momentum continuing to decline, creating a favorable scenario for the short side. $SOL is still showing strength and is primarily in long positions, while ETH has seen a slight increase in short concentration in the short term, with whales leaning towards long liquidations.
Coins classified as bearish in the selection filter include $CFX, MANTA, OGN, and it is necessary to continuously monitor the data flow!
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