Crypto Express
08/08 04:45
Max pain levels for CFX
According to CoinGlass, the maximum pain levels for longs and shorts were at $0.20 and $0.23 respectively. More than $258K worth of orders were placed by sellers, while that of buyers was about $280K.
The max pain levels defined the levels the bulls and bears were ready to protect. Failure to do so would lead to liquidations from either of them.
Meanwhile, CryptoQuant analysis showed that the taker CVD was sell-dominant on both spot and Futures market. Also, retail activity was heating up amid this bull-bear battle.
That in mind, Conflux crypto was experiencing a clash between the market participants.
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