The open interest money flow index is now extremely oversold on the daily timeframe. With the futures market now contributing to 80-90% of BTC’s trading volume, this index has been extremely useful in the current cycle.
Institutional bulls also have signs of returning. After trading at discounts since early May (BTC $40k), institutional spot traders on Coinbase are finally trading at premiums compared to retail spot traders. On the futures market, both asset managers and leveraged funds have increased their net positions on CME in the last week of July. Furthermore, all of the trader categories on CME are now net long, which is a rare occurrence. While the increase in open interest on CME has not caught up with that on Binance, the existing institutional participants have changed from a bearish bias to a bullish one.
Institutional bulls also have signs of returning. After trading at discounts since early May (BTC $40k), institutional spot traders on Coinbase are finally trading at premiums compared to retail spot traders. On the futures market, both asset managers and leveraged funds have increased their net positions on CME in the last week of July. Furthermore, all of the trader categories on CME are now net long, which is a rare occurrence. While the increase in open interest on CME has not caught up with that on Binance, the existing institutional participants have changed from a bearish bias to a bullish one.
Building the future global economic system
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Building the future global economic system
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。