When mainstream coins enter a period of volatility, some altcoins will start to dance wildly 😵‍💫. According to the blave OI imbalance data, aside from #KILO and $RATS which have higher market fuel, $RESOLV and $SKATE have shown unusual trading activity today, indicating that the main players are clearing out a large number of retail positions from the market... How is the data looking right now 🔽 @skate_chain has concentrated short positions, and the market still has a lot of short orders, with whales leaning towards closing long positions, and some long positions have been liquidated. @ResolvLabs has seen a rapid increase in the concentration of short positions today, with whales clearly shorting, and many long positions have been liquidated after being attracted into the market by the main players. In this kind of OI imbalance correction market (killing longs/squeezing shorts), the general market tends to revert to its original trend, so as long as you grasp a few principles, you can capture this kind of market: 1️⃣ Observe whether the OI imbalance returns, and whether the volume of killing longs/squeezing shorts starts to decrease. 2️⃣ Observe if there are other data anomalies (resonance), such as unusual sentiment and positions. 3️⃣ Which direction is the $BTC market trend leaning towards? For example, in the case of RESOLV and SKATE, if the market's long positions are cleaned out, there will be a chance for a reversal 📈, so pay attention to the above principles. 🟢 You can also understand the case of double sell points in a squeezing short market here 👇🏻.
Show original
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.