Data analysis: BTC high consolidation investors need to observe the performance of the market

According to TokenGazer data analysis, as of 17:00 on May 9th, the BTC price was $6080.82, up 3.76% from yesterday. Affected by the incident of the black swan that was stolen in the currency, BTC temporarily fell, may be affected by the expected positive impact of institutional funds, the market digested the bearish, BTC price broke through $6000 in the morning today, once broke through $6100, currently at $6050— $6100 wave correction. In terms of futures, Bitfinex and BitMEX accounted for 52.52% of total singles, and total shorts accounted for 47.78%. The long-short ratio was similar to the previous days, but it should be mentioned that tradingview shows the open position of empty orders. The trend is constantly rising, and the number of open positions is decreasing. Investors need to observe the performance of the market.