$BTC The long position ratio is very high, but don’t assume that BTC will struggle to recover or that it’s going to spike down and liquidate the longs, folks. What matters is the price levels where those long positions were opened. If most longs were opened around 75–76k, then when the price bounces back to that range, those positions may not necessarily be in profit yet. On the other hand, if many shorts chased the price around 74k last night or this morning, BTC could bounce first to put pressure on the shorts before deciding on its next direction. So, a high long ratio is just something to keep in mind; it’s not enough to conclude that the price will fall. I have a feeling a strong bounce is coming soon. <••>This is my personal opinion, not financial investment advice. $BTC

$BTC The long position ratio is very high, but don’t assume that BTC will struggle to recover or that it’s going to spike down and liquidate the longs, folks. What matters is the price levels where those long positions were opened. If most longs were opened around 75–76k, then when the price bounces back to that range, those positions may not necessarily be in profit yet. On the other hand, if many shorts chased the price around 74k last night or this morning, BTC could bounce first to put pressure on the shorts before deciding on its next direction. So, a high long ratio is just something to keep in mind; it’s not enough to conclude that the price will fall. I have a feeling a strong bounce is coming soon.
<••>This is my personal opinion, not financial investment advice.
$BTC