Spot market has buyers, contract buying is strengthening!
BTC, ETH, SOL, ZEC — which is more worth investing in?
Currently, in the short term, I lean towards a recovery. ETH and ZEC show stronger spot market performance, SOL still needs to wait.
BTC: Spot market net inflow in 24 hours is $20.43 million, net outflow in the last 4 hours is $11.01 million.
Contracts have a net inflow of $96.35 million in the last hour; short-term buying is more concentrated in contracts. Next, we will see if the spot market can catch up.
ETH: Spot market net inflow in 24 hours is $117 million, with a net inflow of $5.86 million in the last 4 hours.
Contracts have a net inflow of $38.95 million in the last hour. Both markets have short-term buying, which is why I pay more attention to it.
SOL: Spot market net inflow in 24 hours is $8.86 million, with a net outflow of $830,000 in the last 4 hours.
Contracts have a net outflow of $2.71 million in the last hour. Compared to BTC and ETH, short-term buying is weaker.
ZEC: Spot market net inflow in 24 hours is $11.28 million, with a net inflow of $89.39 million in the past week.
Contracts have a net outflow of $21.98 million in 24 hours. Spot buying dominates, contract selling dominates; this divergence is worth watching further.
There are signs of buying recovery, and the rhythms of these coins are diverging. For ETH, I watch if spot buying can continue; for BTC, if spot can catch up; for ZEC, the support on pullbacks; for SOL, waiting for buying to strengthen.
If I were to participate, I would wait for a stable pullback before considering a small position. Whose spot buying can sustain is who I will focus on more.
Disclaimer: OKX Orbit content is provided for informational purposes only. Learn more
