Finbold 2025-04-22 12:36:06

Bitcoin long/short ratio hits 1-month high

Despite a significant move to the upside in recent days, futures traders are betting that the current Bitcoin ( BTC ) rally will continue. Namely, Bitcoin’s long/short ratio has reached a 1-month high of 1.0559, indicating that 51.36% of derivatives positions opened in the last 24 hours have been bullish, per data retrieved by Finbold from cryptocurrency futures trading and information platform CoinGlass on April 22. Bitcoin long/short ratio chart. Source: CoinGlass In the closing hours of Sunday, April 20, Bitcoin ( BTC ) shot up from $85,000 to $87,000. By press time on April 22, the leading cryptocurrency was changing hands at a price of $88,530, having marked a 3.40% gain on the weekly chart that has brought year-to-date (YTD) losses down to 5.33%. BTC price 1-week and year-to-date (YTD) charts. Source: Finbold Is the Bitcoin long/short ratio a reliable signal? The second Bitcoin long/short ratio in the past 30 days, at 1.05, which is equivalent to 51.23% of positions being long, was seen on April 12. At the time, the flagship digital asset was trading at $82,944 — so a move to the upside did indeed ensue, as BTC price is currently trading 6.73% higher. However, traders should always be wary of undue optimism. The metric is useful, as it provides clear insight into the sentiment of futures traders — but at the end of the day, this is only one piece of the puzzle. Some, like Fundstrat’s Tom Lee, are blaming Bitcoin’s troubles earlier this year on overleveraged institutional positions — and think that the cryptocurrency could even match gold’s meteoric rise going forward. On the other hand, HS Dent Investment Management founder Harry Dent believes that BTC will spearhead the crash of the ‘everything bubble’ later this year. It’s clear that market-wide dynamics and macro concerns will be the main factor impacting BTC’s price action going forward — however, the leading digital asset is beginning to show signs of resilience, at least in the near term. Featured image via Shutterstock The post Bitcoin long/short ratio hits 1-month high appeared first on Finbold .

Enim loetud uudised

Ethereum Price Breaks Out With 15% Rally — $1...
2025-04-23
Bitcoin Dominance Surges to 64.67%: Is a New...
2025-04-23
Trump Media inks deal with Crypto.com for ‘Ma...
2025-04-23
How to Potentially Claim the Zora Airdrop: El...
2025-04-23
Ethereum’s Resurgence: Analysts Anticipate Po...
2025-04-23
Bitcoin Flexes its Muscle to Clear Key Resist...
2025-04-23
US Officials Charge Ramil Palafox in Alleged...
2025-04-23
Upbit Surges with DEEP/KRW Leading Trading Vo...
2025-04-23

https://www.digistore24.com/redir/325658/ceobig/

Seotud uudised

SEC Charges Ramil Palafox in $200 Million Bitcoin...
23 Apr 2025
Will the Bitcoin Price Rally Continue?
23 Apr 2025
Crypto Whale Nets $153M Profit After Unstaking 100...
23 Apr 2025
Bitcoin Rips 6% Higher Above $93K After Trump Ditc...
23 Apr 2025
Wall Street’s pivot on the U.S. market: warns of a...
23 Apr 2025
Malaysia Taps Binance Founder for Blockchain Finan...
23 Apr 2025

Loe lahtiütlusest : Kogu meie veebisaidi, hüperlingitud saitide, seotud rakenduste, foorumite, ajaveebide, sotsiaalmeediakontode ja muude platvormide ("Sait") siin esitatud sisu on mõeldud ainult teie üldiseks teabeks, mis on hangitud kolmandate isikute allikatest. Me ei anna meie sisu osas mingeid garantiisid, sealhulgas täpsust ja ajakohastust, kuid mitte ainult. Ükski meie poolt pakutava sisu osa ei kujuta endast finantsnõustamist, õigusnõustamist ega muud nõustamist, mis on mõeldud teie konkreetseks toetumiseks mis tahes eesmärgil. Mis tahes kasutamine või sõltuvus meie sisust on ainuüksi omal vastutusel ja omal äranägemisel. Enne nende kasutamist peate oma teadustööd läbi viima, analüüsima ja kontrollima oma sisu. Kauplemine on väga riskantne tegevus, mis võib põhjustada suuri kahjusid, palun konsulteerige enne oma otsuse langetamist oma finantsnõustajaga. Meie saidi sisu ei tohi olla pakkumine ega pakkumine