Bitcoin, ethereum is ready for apostasy! 15 billion dollars in 48 hours star-news.press/wp

The last two days have witnessed the decrease in the open interest of ETH by about $ 10 billion, while BTC threw more than $ 5 billion.

Source: Coinglass

These clouds are erased several weeks of the accumulation of gradual futures.

Source: Coinglass

This sudden decrease is a sign of the collective relaxation of the outstanding situations, which is likely to be caused by successive qualifiers and out of panic.

Source: TradingView

Meanwhile, the ETH/BTC ratio also decreased after a strong gathering in July, sliding from 0.0325 to 0.0307.

Following financing and recovery rates

On August 1, Ethereum and Bitcoin financing rates on Binance It turned shortly for negative. An unusual sign of heavy declining pressure, with ETH -0.006 % and BTC dipped to -0.003 %.

This reflection indicated that the open sellers were pushing strongly to keep the positions open, and often seen during the long pressure period. However, as of August 2, financing rates stabilized through stock exchanges.

Source: Coinalyze

BTC financing has been recovered to +0.0042, and ETH has risen to +063.

Source: Coinalyze

This apostasy indicates that the landfill momentum may be cooling, and there can be a shift towards the balance of the market (or even short pressure).

Liquidation areas light the plans

Source: Coinglass

Heatments for BTC and ETH liquidation are a long bi -up during the price slide.

The bright yellow gangs collect about $ 117,000 for BTC and $ 3,600 for ETH on August 2, showing the whereabouts of Longs before speeding up the successive references.

Source: Coinglass

With the standardization of prices now a little less than these levels, it may serve as resistance in the short term, not only because of technologies, but also the circulating psychology.

However, the lack of heavy liquidation teams less than the current prices indicates that the worst that might have passed.

However, the bullish recovery is likely to face resistance near the previously filtered areas, and has now turned into psychological barriers.