⚖️ Uncomfortable fact of the night: almost everyone is long and the price isn't even moving
According to Binance Futures' account ratio: $BTC 73% long, $ETH 76% and $SOL 77% (a 3.4-to-1 ratio on SOL). Meanwhile, the price is flat: BTC 73.8K (+0.1%), ETH 2056, SOL 83.4.
When lots of people are betting on prices going up but the price isn't following, it often ends with longs getting wiped out if the market turns. Not a signal or advice, just real-time futures data 😭
Are you one of those who's long, or have you already exited? 🖤
#CryptoTrading #BinanceSquare #Futures #Bitcoin
According to Binance Futures' account ratio: $BTC 73% long, $ETH 76% and $SOL 77% (a 3.4-to-1 ratio on SOL). Meanwhile, the price is flat: BTC 73.8K (+0.1%), ETH 2056, SOL 83.4.
When lots of people are betting on prices going up but the price isn't following, it often ends with longs getting wiped out if the market turns. Not a signal or advice, just real-time futures data 😭
Are you one of those who's long, or have you already exited? 🖤
#CryptoTrading #BinanceSquare #Futures #Bitcoin
