Retail investors in the crypto space have a characteristic: they prefer to go long rather than short, perhaps this is also a trait of human nature🤔
So no matter how much everyone says the bear market has arrived, there are still many going long. Just look at the long/short ratio; it is always long/short > 1, and often there are even several times the difference.
If it were really like what was said in the square, that the bear market has come and everyone is shorting, then Bitcoin would have already dropped to 150,000.
Data does not lie, but the big influencers can deceive; when the market rebounds, they'll pull out their long positions again🙃
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