Altcoins have rebounded after a significant drop, but overall market sentiment remains pessimistic, and liquidity has returned to a plentiful state. The concentration of short positions in $BTC has slightly decreased, and whales are leaning towards long positions. However, the ongoing weakening of upward momentum suggests that the market may have entered the latter rebound phase of an upward trend.
$ETH is showing relatively strong data, with a decrease in short position concentration and some whales entering long positions. In contrast, SOL remains the weakest. According to the 8-hour whale alert distribution, there has been notable whale buying activity in $REZ, $ACX, and #API3.
According to Blave AI analysis, bullish tokens are primarily major coins like BTC, ETH, and DOGE, while bearish tokens include BNB, SUPER, and DEGO. Keep a close eye on the data flow!
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