What does $BTC ’s positioning tell us? Positions are up 10.04% over 24 hours, while the price is down 2.91%, with open interest at around $8.119 billion.
My personal take: it looks like shorts opened positions as prices fell, so short-term pressure may not have eased yet. But if the market stabilizes and rebounds, these short positions could help fuel the rally.
Do you use positioning as a reference?
My personal take: it looks like shorts opened positions as prices fell, so short-term pressure may not have eased yet. But if the market stabilizes and rebounds, these short positions could help fuel the rally.
Do you use positioning as a reference?