A look at the market through positioning: BTC’s drop drew nearly $100 million in dip-buying funds, while 34 large accounts newly opened on Hyperliquid had a long-to-short ratio of about 2.61:1.
When the news came out, two things were usually happening in the market at the same time:
· Early-positioned traders were taking profits
· Latecomers were starting to step in
Whichever group is larger determines the market’s direction. $BTC 24h Trading volume: $1.795 billion. Watch for any sudden spike in volume.
#BTC
When the news came out, two things were usually happening in the market at the same time:
· Early-positioned traders were taking profits
· Latecomers were starting to step in
Whichever group is larger determines the market’s direction. $BTC 24h Trading volume: $1.795 billion. Watch for any sudden spike in volume.
#BTC