#XRPAndSECShift According to the data provided by cryptanalyst Ali Martinez, 58.39% of traders on Binance trade bitcoin$BTC
on a downgrade.
The last chart of the ratio of long and short positions reflects a noticeable disparity: long positions account for only 41.61%, so short positions prevail.
This trend is usually accompanied by "bearish" sentiment and shows that cryptocurrency traders expect the price of the main cryptocurrency to fall. Historically, periods of increased activity to close short positions can also lead to significant volatility. If prices rise unexpectedly, a short squeeze may occur.
Despite the fact that the chairman of MicroStrategy, Michael Saylor, advocates never selling bitcoins, it seems that many investors in BTC are ready to lock in profits as soon as the $100,000 level is reached.
Cryptanalyst Marcus Brownlee predicts that after bitcoin reaches the coveted $100,000, a massive sell-off will follow as investors rush to cash out profits. This is also indicated by the data of the Bitcoinity platform — more than 2,400 BTC have accumulated at the level of $100,000, and sell orders are growing towards $ 107,000.