Bitcoin chart

Number of traders net-short has decreased by 12.73% from last week.

SYMBOL

TRADING BIAS

NET-LONG%

NET-SHORT%

CHANGE IN LONGS

CHANGE IN SHORTS

CHANGE IN OI


Bitcoin

BEARISH

85.43%

14.57%

-2.49%
Daily

8.99%
Weekly

-18.08%
Daily

-12.73%
Weekly

-5.12%
Daily

5.18%
Weekly

Bitcoin: Retail trader data shows 85.43% of traders are net-long with the ratio of traders long to short at 5.86 to 1. Our data shows traders are now at their most net-long Bitcoin since Nov 07 when Bitcoin traded near 6,477.27. The number of traders net-long is 2.49% lower than yesterday and 8.99% higher from last week, while the number of traders net-short is 18.08% lower than yesterday and 12.73% lower from last week. We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests Bitcoin prices may continue to fall. Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Bitcoin-bearish contrarian trading bias.

(Excerpt) Read more Here | 2019-10-01 05:27:29
Image credit: source

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