Binance Sentiment Data Reveals Short Dominance! 🐻
Currently, 53.2% of trades on Binance are in Shorts, and these positions represent 51.7% of the total Open Interest in the short term. This has pushed the Open Interest below 1, a metric that historically has preceded local tops in Bitcoin's price.
💡 The last few times we saw this pattern, BTC entered correction phases.
💰 $2.91B in Shorts vs $2.72B in Longs — a clear imbalance signaling strong market bias toward short positions.
Stay alert for upcoming moves! 👀