Which cryptocurrencies have shown a strong correlation with COT indicator data?

1 answers

• Jan 13, 2022 · 3 years ago
  Based on my experience at BYDFi, I have observed that Bitcoin (BTC), Ethereum (ETH), and Binance Coin (BNB) have shown a strong correlation with the COT indicator data. The COT indicator data provides insights into the positioning of large traders in the futures market, and when there is a significant correlation with certain cryptocurrencies, it indicates that the market movements of these cryptocurrencies may be influenced by the actions of these large traders. However, it is important to consider other factors and conduct thorough analysis before making any investment decisions. Disclaimer: The information provided is for informational purposes only and should not be considered as financial advice. Always do your own research and consult with a professional financial advisor before making any investment decisions.
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