Bitcoin — Shorts Are Piling Up!
Monitoring Bitcoin's open orders is quite interesting right now. A few days ago, the long/short ratio was almost 1, meaning the amount of open long and short orders was similar.
Right now, it looks like traders expect (or bet on) a correction. The number of short orders has grown to almost 66%.
While this shows that the market awaits a correction, the high amount of short trades could also fuel further price increases if the price continues to climb.
What do you think?
$BTC