The long-short ratio of the number of large Bitcoin accounts on Binance has reached the lowest point in the past month, and the long-short ratio of large Bitcoin holdings is also slowly and regularly declining. The current market situation has become clear:
1. The bullish power mainly comes from a few large-scale positions, while the short-selling power comes from more small-scale accounts, and market confidence is seriously lacking.
2. The center of gravity of the market will shift, with long-selling forces tilting towards short-selling. If bad news appears, short-selling small accounts may choose to close their positions quickly, pushing up short-selling forces and forming downward pressure.
Position holders should continue to be wary of sudden drops in the near future.
1. The bullish power mainly comes from a few large-scale positions, while the short-selling power comes from more small-scale accounts, and market confidence is seriously lacking.
2. The center of gravity of the market will shift, with long-selling forces tilting towards short-selling. If bad news appears, short-selling small accounts may choose to close their positions quickly, pushing up short-selling forces and forming downward pressure.
Position holders should continue to be wary of sudden drops in the near future.