Although we live for a quiet weekend, it seems likely to increase volatility in the future. As it progresses on Monday, the fluctuation usually increases and Friday’s CME closure It can also force the graphics. Is it possible to rise more in subcoins? What awaits investors at this stage?
Do Altcoins rise?
ETH price Again on the limit of $ 3,800 and permanently transformed into support of this region will launch the actual movement over 4,000 dollars. Last week, investors made profit sales due to the 80 thousand BTC for sale. Even though many Altcoins have returned from the summit, now the potential of return is increasing because they are now making higher bottoms.
In today’s assessment, Kyle focused on the futures cost of Altcoin investors. We know the results of the request in the futures on the spot price. It can be a good option to follow position cost to see if the demand here has reached the summit, that is, the sustainability of Altcoin rise. Kyle does exactly that. Crypto investors’ application – the reason will surprise you!
“Speculation has flared up again. Altcoin investors spend a month of 32.9 million dollars per month to protect their positions.
This figure approaches the $ 42 million, which BTC has reached in March 2024, and is not far from the $ 70 million level reached during a break of $ 100,000.
Leverage is increasing. Bulls are moving. “
If we are going to talk about a summit in the feeling of investor, Kyle’s point of view has not yet been full potential. In addition, our potential to see a better period than the summit in November. In the coming days, the future data and explanations will be against crypto currencies in August. And if it is supportive, it is more likely that Altcoins will go to new peaks. So subcoins can rise more.
Bitcoin (BTC) and Solana (left)
We talked about the CME gap at the entrance. In short, if there is a big gap between the price when the CME transactions are closed on Friday and the price it opened early on Monday. BTC price It is expected to move to the closing area of Friday on Sunday. The previous week CME GAP Now BTC can move towards the base of $ 117,000 as he moves against and towards the night. Daancrypto wrote;
“If we start the new week with a gap, we can wait for it to close quite quickly as it has been in the last 2 months.
In the end, we can say that another large gap will occur, especially if the acceleration of the BTC increases again and returns to the price discovery. Usually most of the weekend movements take place in this period. ”
Left coin price As expected, he exceeded the $ 210 zone, but he could not get permanence. The good news is to protect the $ 179 as a support and if the bulls can remain strong, we can see a movement for $ 203 again by overcoming the $ 188 obstacle. Friday Left ETF input It was quite weak with 1.4 million dollars, but since the launch, SSK ETF has exceeded the total entry threshold of $ 120 million.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
