đ AVAX
Price: $9.13
OI: $382.7M (large)
Futures Vol 24h: $545M
Long/Short Binance account: 2.39
Top trader account: 2.87
24h Liquidation: Long $157K vs Short $299K
What does it mean?
The market is strongly leaning long. Very.
đ Estimated Pivot (Local Range 4H)
From the last chart structure:
Local High â 9.45
Local Low â 8.80
Close â 9.10
Pivot (P) â 9.11
R1 â 9.43
R2 â 9.75
S1 â 8.78
S2 â 8.45
The current price is right around the pivot.
This is a decision zone, not a hero zone.
đ Data Derivatives Interpretation
1ď¸âŁ Long/Short > 2
This means the majority of the market is already long.
2ď¸âŁ High OI ($382M)
Many open positions. Large energy.
3ď¸âŁ 24h Short liquidation is larger ($299K)
There has just been a small short squeeze.