updates: I have surrendered and closed my personal hedging positions. The fund may consider continuing to increase its holding ratio. My key indicators have always been viewed from the overall order book and flow. I found that after a certain pullback, when excluding b/e/s/xrp altcoins, the order depth and absolute trading volume numbers for bn and Coinbase started to differ significantly. Upon reflection, I realized that this cannot be viewed in isolation; it must be considered in relative proportions, and it is related to modifications in the Binance API and adjustments in risk control mechanisms. I have not read the updates document that was sent. The current breakthrough continues to be primarily driven by rapidly consuming market orders, and total2 seems to have effectively broken through. I may have recognized the situation too late. The good news is that I haven't missed out on the new coins.
The defense was successful this time, but next time don't go all in again.
My subjective feeling is that BTC OI has been continuously dropping while altcoin OI has been rising. TOTAL2 has tested new highs multiple times without volume. Old coins are like old bulls that can't be moved; recently, everything has rotated to the easier mode of VC coins, which is somewhat reminiscent of the altcoin crash and BTC's sideways movement a year and a half ago.
The funds that made money during meme season will return to the market to continue betting and opening positions, but the funds behind the alpha garbage coins may not. However, the alt index might see a rebound, possibly still in new coins. Grab it and go for a strong attack.
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