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

avatarAriel Jesús Rosas HernándezDec 25, 2021 · 3 years ago1 answers

Can you provide a list of cryptocurrencies that have demonstrated a significant correlation with the COT indicator data? I am interested in knowing which digital currencies have shown a strong relationship with the COT indicator data and how this correlation can be interpreted in terms of their market performance.

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

1 answers

  • avatarDec 25, 2021 · 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.