Shorts are increasing...Next Move?
Seems that the number of shorts are increasing lately.
In particular on BINANCE Futures we have 62% shorting BTC while 38% Longing... usually both percentages are more balance there:
Also the traditional markets are really moving hesitantly today, just have a look to the DOW JONES index which is losing 713 points or -2.77% in one day:
We cannot deny the fact that the crypto market is linked to the traditional market lately, although I hope that the former will soon decouple from the latter...for the moment, when DJIX index goes down, also BTC goes down...
However, if anything I have learnt about the crypto market since I started following it more than 4 years ago is that when everyone bets on "red", sometimes, the opposite happens and "green" appears...
I feel in my guts that we are really going to see great rise of crypto although I am also expecting a correction to the 8600 USD before resuming upwards...
In the meantime, let's accumulate as much as possible.
Disclaimer: This is just my personal point of view, please, do your own assessment and act consequently. Neither this post nor myself is responsible of any of your profit/losses obtained as a result of this information.
Posted Using LeoFinance
