Altcoin Long/Short Ratio Spikes to Its Highest Level Since April

Such moments often lead to significant volatility, with Market Makers typically executing opportunistic sales to liquidate traders who entered late Long positions.

Bitcoin's Long/Short Ratio has also climbed, signaling increased interest in Longs as its price experiences a short-term pullback. The higher the Altcoin Long/Short Ratio compared to Bitcoin's, the worse it is for the market, as heightened volatility is anticipated in the coming days.

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