Behind the scenes of Bitcoin futures $BTC reveals a major capitulation of buyers.
Analyzing the flow of 'Smart Money' on Binance shows an absolute and historic dominance of short sellers, confirming that the overarching trend remains firmly bearish despite short-term fluctuations.
The key figures are mind-blowing:
elite traders have deployed a colossal volume of $3.25 billion (3.25B USDT) in Short positions.
On the flip side, buyers are looking weak with only $550.42M USDT injected into Long positions.
Numerically, there are 1,777 Smart traders Shorting compared to only 761 Longs.
This ultra-aggressive positioning proves to be surgically effective.As the price hovers around 71,538 USDT, the Short camp shows an astronomical unrealized profit of +153.64 million dollars, with an outrageous success rate of 84.97% of profitable addresses. They entered on average at 74,917 USDT.
On the Long side, it's a cold shower: -63.78 million dollars in unrealized losses for those who got stuck with an average entry price of 79,829 USDT.
Facing such institutional firepower, navigating against the tide without solid confirmation is extremely risky.
#bitcoin #BTC #smartmoney #futures #CryptoAnalyse
