The concentration of long positions in $BTC is very high, indicating that we have entered an overheated phase. It is advisable not to chase longs aggressively in the current range. The short momentum is declining, suggesting that the trend may soon shift from short to long. $ETH is also showing a similar divergence, while SOL is relatively showing weak indicators.
According to the 8-hour whale alert distribution, large-scale whale activity has been observed in LTC, NIL, and ZEC, with niche altcoins like CHZ and XMR also following suit. Blave AI analysis indicates that today's bullish tokens are BTC, XVG, and WLFI, while the bearish tokens are NEO and PIXEL.
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