Open Orders — ETH & XRP Bullish 🟢 — SOL & BTC Neutral 🔵

Just quickly checked the open orders for BTC, ETH, SOL, and XRP. Provides quite an interesting picture.

- Bitcoin is the only coin (out of the four mentioned) with a higher short percentage. However, longs and shorts are pretty close, so the picture is balanced.

- Solana has slightly more open long orders, but similar to BTC, longs, and shorts are somehow balanced.

- XRP has 71% open long orders, which means that traders are still betting on higher prices for XRP.

- ETH tops the list with 79% open long orders. Accordingly, traders seem confident that ETH's price will go higher.

What do you think?