$BASED — market structure looks interesting
Right now, traders are clearly leaning more toward longs.
On Binance Long/Short Ratio — 2.23, and among top traders the ratio is also in favor of longs: 2.18 by accounts and 1.43 by positions.
This indicates a noticeable bias toward buying. If interest and volumes continue to grow, $BASED could see a strong short-term move.
But there’s a catch: when there are too many longs, the market also gets a large amount of liquidity below the current price. That’s why it’s worth watching the move specifically together with OI and funding.
Right now, traders are clearly leaning more toward longs.
On Binance Long/Short Ratio — 2.23, and among top traders the ratio is also in favor of longs: 2.18 by accounts and 1.43 by positions.
This indicates a noticeable bias toward buying. If interest and volumes continue to grow, $BASED could see a strong short-term move.
But there’s a catch: when there are too many longs, the market also gets a large amount of liquidity below the current price. That’s why it’s worth watching the move specifically together with OI and funding.