Analytical data confirms: bearish sentiment prevails on the Binance platform. According to the latest statistics, 58.39% of traders have opened short positions on Bitcoin, while long positions account for only 41.61%. The ratio of long to short positions has decreased to 0.71, clearly indicating the dominance of negative expectations regarding the price movement of the leading cryptocurrency.
Experts warn of a high likelihood of significant price fluctuations. In the event of a sharp price increase, a so-called short squeeze may occur— a situation where traders who have opened shorts are forced to close their positions en masse, which only exacerbates market volatility. This is particularly relevant in the context of Bitcoin approaching the important psychological mark of $100,000.
Data from the analytical platform Bitcoinity shows a large cluster of sell orders in the range of $100,000 to $107,000. There are over 2400 BTC here, which could trigger profit-taking. Well-known crypto analyst Marcus Brownlee also predicts that mass selling at these levels could significantly impact the market, despite recommendations from some institutional investors to hold assets for the long term.
Key points:
58.39% of Binance traders are betting on the decline of Bitcoin.
The ratio of long to short positions has fallen to 0.71.
Potential short squeezes will increase market volatility.
The $100,000 level is becoming a critical profit-taking point.
Such market sentiments highlight the importance of caution and sound risk management for traders.
Source happycoin
