Are traders heavily shorting Bitcoin?
As is frequently the case whenever assets such as Bitcoin (BTC) trade uncharacteristically highs or experience a rapid plunge, many investors turn to their short ratios to try and gauge the overall market sentiment and detect possible causation. The world’s premier cryptocurrency is in such a situation at press time on January 10 as it has been trading with significant volatility in recent weeks and has, so far, failed to find a stable footing above the critical psychological level above $100,000 in 2025. Most recent data from the world’s largest cryptocurrency exchange by trading volume, Binance, however, reveals that the sentiment might again be turning bullish as the proportion of long BTC positions has been rapidly increasing in the second half of the January 6 to January 12 week. Picks for you The Graph unveils Geo Genesis a Web3 know...