đš BTC IS DROPPING â BUT TRADERS ARE STILL GETTING MORE LONG
I just checked the latest Binance market data, and something interesting is happening.
đ BTC: $81,981
24H: -1.70%
24H high: $84,898
24H low: $81,875
But here's what caught my attention:
đ BTC Futures Long/Short Ratio: ~1.51
That means the long side is becoming increasingly dominant while BTC is trading close to its 24H low.
And it's not just BTC:
đŽ $ETH : $2,410 | -2.03%
đŽ $SOL : $103.83 | -2.85%
đŽ $SUI : $0.984 | -4.77%
Meanwhile, BTC futures open interest remains around $7.6B.
So what's my take?
I'm not calling a bottom here.
If BTC continues falling while leverage remains heavily positioned long, those longs could become fuel for another move lower through liquidations.
However, if BTC holds the ~$81.8K area and starts reclaiming $83Kâ$84K, we could see those shorts become the ones under pressure.
My current bias: CAUTIOUSLY BEARISH đ»
I'm watching:
đŽ $81.8K â immediate support
đĄ $83Kâ$84K â reclaim zone
đą $85K â stronger bullish confirmation
The next move could be very important.
Do you think BTC is forming a bottom here, or are these crowded longs setting themselves up for another flush?
đ Bullish or bearish?
I just checked the latest Binance market data, and something interesting is happening.
đ BTC: $81,981
24H: -1.70%
24H high: $84,898
24H low: $81,875
But here's what caught my attention:
đ BTC Futures Long/Short Ratio: ~1.51
That means the long side is becoming increasingly dominant while BTC is trading close to its 24H low.
And it's not just BTC:
đŽ $ETH : $2,410 | -2.03%
đŽ $SOL : $103.83 | -2.85%
đŽ $SUI : $0.984 | -4.77%
Meanwhile, BTC futures open interest remains around $7.6B.
So what's my take?
I'm not calling a bottom here.
If BTC continues falling while leverage remains heavily positioned long, those longs could become fuel for another move lower through liquidations.
However, if BTC holds the ~$81.8K area and starts reclaiming $83Kâ$84K, we could see those shorts become the ones under pressure.
My current bias: CAUTIOUSLY BEARISH đ»
I'm watching:
đŽ $81.8K â immediate support
đĄ $83Kâ$84K â reclaim zone
đą $85K â stronger bullish confirmation
The next move could be very important.
Do you think BTC is forming a bottom here, or are these crowded longs setting themselves up for another flush?
đ Bullish or bearish?