- Buy Crypto
- Markets
Futures- Spot
- Copy Trade
- Earn
- More
Analyst: Traders have been actively closing their long positions since July 31, while sellers are currently increasing their short positions.
BlockBeats News, August 2nd, CryptoQuant analyst Axel posted on social media that since July 31st, traders have started actively closing long positions. In the past 24 hours, the futures market has seen a significant sell-off: when the price dropped to a local low of $112,000, the net inflow volume over 6 hours plummeted to an extreme level of -$175 million, reflecting the dominance of the bears. As the market stabilized to some extent, the pressure of this indicator has reduced to -$78 million, narrowing the negative gap by 2.2 times, but the overall market imbalance is still skewed towards the bears.
In the past 24 hours, the volume of open interest has increased to the $3.04 billion range, with sellers continuing to accumulate positions, attempting to take advantage of the bearish sentiment in the market.
You may also like
Best Crypto to Buy Now February 10 – XRP, Solana, Dogecoin
Key Takeaways XRP is set to revolutionize cross-border transactions, potentially reaching $5 by the end of Q2 with…
Kyle Samani Criticizes Hyperliquid in Explosive Post-Departure Market Commentary
Key Takeaways: Kyle Samani, former co-founder of Multicoin Capital, publicly criticizes Hyperliquid, labeling it a systemic risk. Samani’s…
Leading AI Claude Forecasts the Price of XRP, Cardano, and Ethereum by the End of 2026
Key Takeaways: XRP’s value is projected to reach $8 by 2026 due to major institutional adoption. Cardano (ADA)…
Bitcoin Price Prediction: Alarming New Research Cautions Millions in BTC at Risk of ‘Quantum Freeze’ – Are You Ready?
Key Takeaways Quantum Threat to Bitcoin: The rise of quantum computing presents a unique security challenge to Bitcoin,…
XRP Price Prediction: Could XRP Ultimately Surpass Bitcoin and Ethereum?
Key Takeaways XRP has maintained a strong position despite a recent 12% drop, suggesting potential for growth. Analyst…
Best Crypto to Buy Now February 6 – XRP, Solana, Bitcoin
Key Takeaways The cryptocurrency market is experiencing pressure due to a technology-sector selloff, affecting digital assets like Bitcoin.…
South Korea Broadens Crypto Market Investigation Following Bithumb’s $44 Billion Bitcoin Error
Key Takeaways South Korea intensifies scrutiny on cryptocurrency exchange operations after Bithumb’s significant Bitcoin transaction error. Regulatory bodies,…
Tom Lee-Supported Bitmine Dominates 3.6% of Ethereum Supply Post-Price Crash
Key Takeaways Bitmine Immersion Technologies now controls 3.6% of Ethereum’s total supply after strategic purchases during market downturns.…
XRP Yearly Returns Hit Record Low Since 2023
Key Takeaways XRP’s yearly returns are at their lowest since 2023, as the crypto market grapples with a…
BTC Traders Eye $50K as Potential Bottom: Key Metrics to Monitor This Week
Key Takeaways Traders are closely monitoring the potential bottom for Bitcoin at $50,000 as recent price movements suggest…
Fraudulent ‘XRP’ Issued Token Sparks Confusion on the XRP Ledger
Key Takeaways An imposter XRP token is causing bewilderment within the XRP community by being superficially identical to…
XRP Yearly Returns Reach Their Lowest Point Since 2023
Key Takeaways XRP’s weakest annual performance since 2023 highlights the ongoing struggles within the cryptocurrency market. Market dynamics…
Cardano ‘Midnight Fixes Everything’: Charles Hoskinson
Key Takeaways Cardano’s Midnight sidechain, launched in December 2025, is championed by Charles Hoskinson as a solution to…
SHIB Army Burns 3,564,772 SHIB, While Half Quadrillion Coins Remain in Circulation
Key Takeaways The Shiba Inu community has collectively burned nearly 3.5 million SHIB tokens recently, yet a substantial…
XRP Ledger Network Activity Decreases by 80% as Institutional Participation Wanes
Key Takeaways: Recent metrics indicate an 80% decline in XRP Ledger network activity, correlating with diminished institutional involvement.…
Michael Saylor Insists “We Will Not Be Selling” As Strategy (MSTR) Stock Breaks Out
Key Takeaways Strategy, formerly MicroStrategy, remains highly sensitive to Bitcoin’s volatile market, with its stock performance closely mirroring…
Brad Garlinghouse Adds Personal Touch to XRP Community Day with Exclusive Merch
Key Takeaways Brad Garlinghouse, CEO of Ripple, has personally signed exclusive merchandise for XRP Community Day, adding excitement…
PIPPIN Price Surge Signals Potential Breakout Despite Investor Selling
Key Takeaways PIPPIN has experienced a significant rally, with its price increasing by 159%, nearing its all-time high.…
Best Crypto to Buy Now February 10 – XRP, Solana, Dogecoin
Key Takeaways XRP is set to revolutionize cross-border transactions, potentially reaching $5 by the end of Q2 with…
Kyle Samani Criticizes Hyperliquid in Explosive Post-Departure Market Commentary
Key Takeaways: Kyle Samani, former co-founder of Multicoin Capital, publicly criticizes Hyperliquid, labeling it a systemic risk. Samani’s…
Leading AI Claude Forecasts the Price of XRP, Cardano, and Ethereum by the End of 2026
Key Takeaways: XRP’s value is projected to reach $8 by 2026 due to major institutional adoption. Cardano (ADA)…
Bitcoin Price Prediction: Alarming New Research Cautions Millions in BTC at Risk of ‘Quantum Freeze’ – Are You Ready?
Key Takeaways Quantum Threat to Bitcoin: The rise of quantum computing presents a unique security challenge to Bitcoin,…
XRP Price Prediction: Could XRP Ultimately Surpass Bitcoin and Ethereum?
Key Takeaways XRP has maintained a strong position despite a recent 12% drop, suggesting potential for growth. Analyst…
Best Crypto to Buy Now February 6 – XRP, Solana, Bitcoin
Key Takeaways The cryptocurrency market is experiencing pressure due to a technology-sector selloff, affecting digital assets like Bitcoin.…
App