Bitcoin bulls on thin ice; Altcoins mixed
The mixed sentiment in the crypto market also illustrated in market data. Data from OKEx shows that futures contracts traders have been holding a split view on BTC, with the Long/Short Ratio hovered in the 1 area.
Figure 1: OKEx’s BTC Long/Short Ratio (Source: OKEx)
Figure 2: Sentix Bitcoin Sentiment Index (Source: Sentix)
US investors are expected to return into the market as Thanksgiving weekend wrapped up, crypto watchers may want to refocus on the overall trade volume, and the potential changes in the momentum and market dynamic.
What You Missed
Figure 3: BTCUSDT 3-hour Chart Since Late October (Source: OKEx; Tradingview)
Figure 4: EOSBTC 6-Hour Chart (Source: OKEx; Tradingview)
Figure 5: ATOMUSDT 3-Hour Chart (Source: OKEx; Tradingview)
Figure 6: LINUSDT Daily Chart (Source: OKEx; Tradingview)
Disclaimer: This material should not be taken as the basis for making investment decisions, nor be construed as a recommendation to engage in investment transactions. Trading digital assets involves significant risk and can result in the loss of your invested capital. You should ensure that you fully understand the risk involved and take into consideration your level of experience, investment objectives and seek independent financial advice if necessary.