$BTC down almost 7% today and retail is still sitting at 3.4 longs for every short. Top traders are way less convinced, 2.1.
OI only dropped 3%, so most of that crowd never got flushed. $ETH looks the same, 3.9 retail long ratio after a 5.7% drop.
Feels like the bounce hasn't been earned yet when this many people are still holding the bag.
#BTC #Futures
OI only dropped 3%, so most of that crowd never got flushed. $ETH looks the same, 3.9 retail long ratio after a 5.7% drop.
Feels like the bounce hasn't been earned yet when this many people are still holding the bag.
#BTC #Futures