Bitcoin gained 7.86% this week, but MATIC futures on Coinglass saw a drop in Open Interest, possibly due to short sellers covering positions.
Despite the short covering, active short positions still outnumber longs, suggesting a bearish sentiment for MATIC. The Long/Short ratio for MATIC is below 1, indicating more traders anticipate a decline. This cautionary data contrasts with Bitcoin's positive performance. Investors should be mindful of potential market shifts.
