Our knowledge exhibits merchants at the moment are at their most net-long Bitcoin since Aug 21 when Bitcoin traded close to 11,610.94.

HomeSentiment

Our knowledge exhibits merchants at the moment are at their most net-long Bitcoin since Aug 21 when Bitcoin traded close to 11,610.94.

Variety of merchants net-short has decreased by 16.77% from final week. SYMBOL


Bitcoin Client Positioning

Variety of merchants net-short has decreased by 16.77% from final week.

SYMBOL

TRADING BIAS

NET-LONG%

NET-SHORT%

CHANGE IN LONGS

CHANGE IN SHORTS

CHANGE IN OI

Bitcoin

BEARISH

91.70%

8.30%

-0.40%
Every day

2.35%
Weekly

-6.94%
Every day

-16.77%
Weekly

-0.98%
Every day

0.44%
Weekly

Bitcoin: Retail dealer knowledge exhibits 91.70% of merchants are net-long with the ratio of merchants lengthy to brief at 11.05 to 1. Our knowledge exhibits merchants at the moment are at their most net-long Bitcoin since Aug 21 when Bitcoin traded close to 11,610.94. The variety of merchants net-long is 0.40% decrease than yesterday and a couple of.35% larger from final week, whereas the variety of merchants net-short is 6.94% decrease than yesterday and 16.77% decrease from final week.

We usually take a contrarian view to crowd sentiment, and the actual fact merchants are net-long suggests Bitcoin costs might proceed to fall.

Merchants are additional net-long than yesterday and final week, and the mix of present sentiment and up to date modifications provides us a stronger Bitcoin-bearish contrarian buying and selling bias.



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