What does BTC Long/Short Ratio greater than 1 mean? (Where to check BTC Long/Short Ratio)
What does BTC Long/Short Ratio greater than 1 mean? What does BTC Long/Short Ra
What does BTC Long/Short Ratio greater than 1 mean? What does BTC Long/Short Ratio greater than 1 mean?
In the chart above, we can see that the ratio of Bitcoin longs and shorts is positive (indicating bullish sentiment). However, this does not necessarily mean that shorts will increase their leverage to new levels or decrease it. Instead, if the price rises, they may sell their positions and buy at higher prices. This situation usually occurs before the recent rebound of Bitcoin, but currently, there doesn’t appear to be any obvious case. (Note: based on historical data, there will be a retracement every time Bitcoin pulls back to a key support level)
Where to check BTC Long/Short Ratio
According to BitcoinExchangeGuide market data, where to check BTC Long/Short Ratio?
In the past 24 hours, BTC is priced at $20.08. In comparison, the spot price of Bitcoin has dropped by 14.68%.
Additionally, there is a new currency worth noting called BTT (BTC), with a market value of $3.16 billion, ranking first; its token BSV has also performed well with an intraday increase of over 5%. The highest price reached $10.84, currently trading at $10.42. According to previous reports, on the evening of July 21st, Btcbtc officially announced a partnership with Coinbase and launched a new digital currency trading platform BinanceUSDC based on the Ethereum ERC20 token standard.
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