Davie Analyzes BTC and ETH Spot Fund Outflows
According to Twitter user Davie, BTC spot funds have significantly flowed out, amounting to approximately $1 billion, with contract fees being negative. However, retail investors are showing strong bullish sentiment, with a long-to-short ratio reaching 2.5. The current rebound is bearish, with resistance levels at $78,000, $78,500, and $79,000, while support levels are at $76,800, $76,000, and $75,200. It is recommended to short when the price rebounds to around $77,600 to $78,000, with a stop-loss set above $78,500 and targets set at $76,000 and $75,200. ETH has also seen a large-scale withdrawal of spot funds following BTC, with a net outflow of $1.1 billion in the past 24 hours, severely squeezing the bulls. It is estimated that the market will continue to liquidate long positions, and any long positions should wait for a 4-hour candle to close with a long lower shadow; otherwise, avoid going long. The resistance levels for ETH are at $2,430, $2,450, and $2,470, while support levels are at $2,400, $2,350, and $2,300. If it falls below $2,400, it is advised to follow the trend and short, with a stop-loss set above $2,430 and a target near $2,350. If there is a rebound to around $2,430 to $2,450, it is recommended to short, with a stop-loss set above $2,470 and targets at $2,400 and $2,350.
-- Price
This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.
You may also like

BitcoinHabebe Focuses on BICO Trend Reversal

Bitcoin Rises by 30%, but Trading Volumes are 70% Lower

USD.AI Secures $100 Million from Bullish

Arthur Hayes Bullish on Ethereum as Market Refocuses
CryptoQuant Identifies New Bull Market for Bitcoin, Requires Close Above 83000 USD

Mr&强|买美股上 WEEX Bullish on BTC and ETH in the Long Term

US M2 Reaches $23.218 Trillion in July, Renewing Bitcoin Correlation Debate

Latest Holdings of AllianceDAO and FOMO Founders: 70% in US Stocks, Only BTC and Zcash in Crypto

The Mathematics of Cryptocurrency Drawdowns: Why a 100% Increase is Needed After a 50% Loss and How to Protect Your Account Assets

Leaked Brazilian Data: State Failure Exposes 213 Million Citizens

Bitcoin Under High Leverage: A Rebound or a Trap?

€30,000 to Read a Contract Aloud: German Notary Fee Goes Viral After Musk's ‘Wow'

From NET to CRWD: Is Money Flowing into Cybersecurity Companies in the AI Second Half?

The Most Accurate Trading Analysis: Strategies, Indicators, and How to Use Them - Fintech World

A Practical Guide to FOMO: How to Find People and Coins in Social Trading?

Alpaca Partners with Kalshi to Add Prediction Markets to Its Stock and Cryptocurrency Infrastructure

Crypto May Be in a Very Good Selective Buying Window

Park Young-sun: "The Second Act of the AI Economy Begins... Agents, Stablecoins, and Physical AI"

Cronos restarts network after emergency halt over Tectonic exploit

NOT A HOTEL Announces Collaboration with Pokémon

Ripple unlocks 1B XRP as escrow falls to 31.28B

Latest Non-Farm Payroll Forecast: Job Growth May Slow, Fed Faces Complex Choices

$40 Trillion U.S. Debt Alarm Sounds, BlackRock Unexpectedly Bullish on Bitcoin and Gold

Russia opens regulated crypto trading as new law takes effect

What is liquidation? The trading minute

Crypto: The Clarity Act has only a 13% chance of being adopted

Digital Day: What Professions Are Lacking in the Crypto Market and Where to Acquire Them

SEC to Accept Public Comments on Crypto Asset Regulation Until October 20

CME launches crypto indexes tracking XRP, SOL, HYPE and other altcoins







