Analysis Company Warned: "Unusual Things are Happening in the Data of This Altcoin!"

robot
Abstract generation in progress

The Crypto analysis company Alphractal made striking observations in its latest market assessment regarding Binance Coin (BNB) and the Bitcoin ETF market.

According to the company's analysis, especially in the BNB sector, the interest of whales in short positions is increasing more than that of individual investors. This situation emerges as an important dynamic that distinguishes BNB from other altcoins.

Alphractal also stated that the buying pressure on BNB has noticeably decreased compared to the previous week, arguing that this has laid the groundwork for aggressive short-term volatility.

The company's report also pointed out that the Bitcoin ETF Fund Index has not yet reached its all-time high. It was stated that this situation indicates there is still room for growth in this segment despite the strong movements in the market recently. However, according to Alphractal, this level could also function as a local resistance point in the short term. It is particularly noted that the main resistance area on a macro scale is in the range of 113,000–114,000 dollars.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)