$BTC Longs currently outweigh shorts 2:1, with almost $5 billion in long liquidations compared to only about $2 billion in short liquidations.
This simply reflects how aggressive perp buyers have been over the past week.
For me, this kind of greed isn’t what you typically see at the absolute bottom.
Also doesn’t mean we can’t go higher from here.
This simply reflects how aggressive perp buyers have been over the past week.
For me, this kind of greed isn’t what you typically see at the absolute bottom.
Also doesn’t mean we can’t go higher from here.