- BTC ($108,304.00) is about to hit another ATH ($0.03).
- More traders have taken short positions despite this trend.
Despite Bitcoin [BTC] trading at $104,500 and maintaining a strong upward trend, the long/short ratio on Binance reveals nearly 60% of traders holding short positions. With BTC trading above key moving averages, bulls remain in control, poised to push prices higher if resistance at $105,000 is breached.
Long/short ratio signals growing bearish bias
The latest long/short ratio data analysis on Coinglass highlights that nearly 60% of traders on Binance are holding short positions against Bitcoin. This significant skew toward bearish sentiment reflects cautious sentiment among market participants, even as BTC continues its upward trend.
24h Most Popular
Utilities