I've been saying for days not to long Bitcoin and Ethereum at the bottom; any bounce is a short on these two. Also, I'm going long on oil #比特币走势分析 #CLUSDT $CL .
In line with my late-night post, the stark difference in long and short positions has finally balanced out to about 2.3:1. Although this ratio is still slightly skewed, it's much better than the around 10:1 gap from last night. A lot of long positions in Bitcoin got liquidated, and I took a short on MSTR microstrategy. #BTC走势分析 $MSTR
Andy-加密不落客
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So, how do we evaluate this? $BTC Both bulls and bears are taking a hit, huh? The long positions are ten times that of the shorts, and if we dip down further, we're going to see some serious liquidation.
The content dropped the day before yesterday, and I've been fixing it from yesterday to today. Bitcoin and Ethereum are starting to dip, while crude oil is pumping up $CL .
Andy-加密不落客
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Today, oil and Bitcoin-Ether both took a hit. Previously, oil and the crypto market were almost inversely correlated, one going up while the other went down. It seems to reveal some unseen force $ETH $CL .