On May 2nd, COINOTAG reported a significant development in the cryptocurrency market with the **BTC Long/Short Ratio** on Binance’s **BTCⓂ️ futures contract** reaching a one-month high. Currently, this ratio stands at **86,024 BTC**, equivalent to approximately **$8.295 billion**. This surge indicates heightened market activity and potential investor sentiment shifts. In contrast, the Long/Short Ratio for the **BTCUSDT contract** has experienced a dip, revealing that only **36.36%** of accounts are positioned long while **63.64%** are short, culminating in a Long/Short Ratio of **0.57**. These statistics reflect diverging strategies among traders and could signal important trends in the future as the market adapts to evolving conditions.
Timely, reliable coverage of breaking news, insights, and analyses on Bitcoin and cryptocurrencies since 2018.
Disclaimer: The information provided on COINOTAG NEWS is for informational purposes only and should not be considered financial or investment advice. Always conduct your own research and consult with a financial advisor before making any investment decisions.
© COINOTAG News 2024