$BTW Latest Data Is Telling A Different Story
Look at the long/short ratio. Around 68% of traders are short, while only 32% are long on the short-term timeframes.
After the strong move and 3-4 big correction candles, many traders may be expecting another drop. That could be why so many are opening short positions.
But here’s where market psychology gets interesting. When most traders lean toward the same direction, the market can sometimes move against their expectations.
The liquidation map also shows significant short-liquidation liquidity above the current price, especially around $1.45 to $1.50. If $BTW moves toward this zone, short liquidations could add further buying pressure.
In my view, $BTW could surprise the majority with another move higher if buying pressure increases and short liquidations begin to trigger.
This is my personal view based on the data I’m tracking. NFA. DYOR.
Look at the long/short ratio. Around 68% of traders are short, while only 32% are long on the short-term timeframes.
After the strong move and 3-4 big correction candles, many traders may be expecting another drop. That could be why so many are opening short positions.
But here’s where market psychology gets interesting. When most traders lean toward the same direction, the market can sometimes move against their expectations.
The liquidation map also shows significant short-liquidation liquidity above the current price, especially around $1.45 to $1.50. If $BTW moves toward this zone, short liquidations could add further buying pressure.
In my view, $BTW could surprise the majority with another move higher if buying pressure increases and short liquidations begin to trigger.
This is my personal view based on the data I’m tracking. NFA. DYOR.