$BTC traders are heavily leaning bullish right now, with long positions more then three times higher than shorts.
This shows strong conference in price growth, supported by steady institutional buying, spot ETF demand and limited supply after recent halving effects.
Data from major exchanges also shows rising open interest and positive funding rates, meaning traders are very actively paying to keep their long positions open.
This setup has appeared in past cycles, where market corrected briefly before continuing upward.
BTC
81,057.7
+0.24%