- Bitcoin has seen more long positions in the last few weeks.
- BTC has maintained the $60,000 price level in the last two days.
Bitcoin [BTC] has experienced significant volatility in recent weeks, fluctuating but ultimately reclaiming the $60,000 level.
Despite this turbulence, the majority of traders have maintained a bullish outlook, favoring long positions. However, recent data reveals that these long positions have faced some setbacks during this period.
Bitcoin traders stay long
Recent data analysis from Coinglass has shed light on the ratio of long to short Bitcoin positions on Binance, the world’s largest cryptocurrency exchange.
The findings reveal that, over the past few weeks, the majority of accounts have maintained long positions, consistently surpassing 60%. As of the latest data, the percentage of long positions has risen to over 63%.
Source: Coinglass
Since July, this trend has persisted, with long positions consistently outnumbering short positions, even as Bitcoin’s price dipped below the critical $60,000 mark.
This suggested that traders remained confident in Bitcoin’s upward trajectory, regardless of its price fluctuations.
Liquidation volume shows the extent of volatility
AMBCrypto’s analysis of Bitcoin’s liquidation trend added an intriguing dimension to the dominance of long positions.
Despite the majority of accounts maintaining long positions, recent weeks have seen a notable increase in long liquidations.
Source: Coinglass
In August, long liquidation volume reached its highest level in over a year, exceeding $245 million.
When combined with short liquidations, this trend becomes even more significant, highlighting the volatility and risk present in the current market despite the overall bullish sentiment among traders.
Bitcoin maintains its $60,000 price level
AMBCrypto’s look at Bitcoin’s price trend revealed that it has been struggling to consistently reclaim the $60,000 level, despite briefly doing so in recent days.
In the previous trading session, it closed with a slight decline of over 1% yet managed to stay within the $60,000 range.
Source: TradingView
As of press time, BTC was trading at approximately $60,900, reflecting an almost 1% increase. The king coin Bitcoin remained just below its short-term moving average (yellow line), though it is approaching it closely.
A break above this moving average, which aligned with the resistance level of around $61,000, would signal a potential upward trend.
Long positions to remain dominant
Bitcoin’s price trend, along with the Top Trader Long Short Ratio, indicated that long positions were likely to remain dominant regardless of price fluctuations.
Read Bitcoin’s [BTC] Price Prediction 2024-25
The charts revealed that even when Bitcoin’s price dropped to around $54,000 earlier in August, the percentage of long positions held steady at approximately 60%.
This suggested that traders continued to favor long positions, maintaining a bullish outlook despite price declines.
- Bitcoin has seen more long positions in the last few weeks.
- BTC has maintained the $60,000 price level in the last two days.
Bitcoin [BTC] has experienced significant volatility in recent weeks, fluctuating but ultimately reclaiming the $60,000 level.
Despite this turbulence, the majority of traders have maintained a bullish outlook, favoring long positions. However, recent data reveals that these long positions have faced some setbacks during this period.
Bitcoin traders stay long
Recent data analysis from Coinglass has shed light on the ratio of long to short Bitcoin positions on Binance, the world’s largest cryptocurrency exchange.
The findings reveal that, over the past few weeks, the majority of accounts have maintained long positions, consistently surpassing 60%. As of the latest data, the percentage of long positions has risen to over 63%.
Source: Coinglass
Since July, this trend has persisted, with long positions consistently outnumbering short positions, even as Bitcoin’s price dipped below the critical $60,000 mark.
This suggested that traders remained confident in Bitcoin’s upward trajectory, regardless of its price fluctuations.
Liquidation volume shows the extent of volatility
AMBCrypto’s analysis of Bitcoin’s liquidation trend added an intriguing dimension to the dominance of long positions.
Despite the majority of accounts maintaining long positions, recent weeks have seen a notable increase in long liquidations.
Source: Coinglass
In August, long liquidation volume reached its highest level in over a year, exceeding $245 million.
When combined with short liquidations, this trend becomes even more significant, highlighting the volatility and risk present in the current market despite the overall bullish sentiment among traders.
Bitcoin maintains its $60,000 price level
AMBCrypto’s look at Bitcoin’s price trend revealed that it has been struggling to consistently reclaim the $60,000 level, despite briefly doing so in recent days.
In the previous trading session, it closed with a slight decline of over 1% yet managed to stay within the $60,000 range.
Source: TradingView
As of press time, BTC was trading at approximately $60,900, reflecting an almost 1% increase. The king coin Bitcoin remained just below its short-term moving average (yellow line), though it is approaching it closely.
A break above this moving average, which aligned with the resistance level of around $61,000, would signal a potential upward trend.
Long positions to remain dominant
Bitcoin’s price trend, along with the Top Trader Long Short Ratio, indicated that long positions were likely to remain dominant regardless of price fluctuations.
Read Bitcoin’s [BTC] Price Prediction 2024-25
The charts revealed that even when Bitcoin’s price dropped to around $54,000 earlier in August, the percentage of long positions held steady at approximately 60%.
This suggested that traders continued to favor long positions, maintaining a bullish outlook despite price declines.
where can i get cheap clomid without prescription how to get cheap clomid tablets where can i buy cheap clomid clomid chart get generic clomid prices where can i buy cheap clomid buy cheap clomiphene without dr prescription
Palatable blog you procure here.. It’s severely to assign strong worth writing like yours these days. I really respect individuals like you! Withstand guardianship!!
Thanks for sharing. It’s acme quality.
azithromycin 250mg tablet – order sumycin 500mg without prescription buy generic metronidazole for sale
cost semaglutide 14mg – buy semaglutide 14mg generic order cyproheptadine generic
buy generic domperidone over the counter – oral cyclobenzaprine 15mg buy flexeril online cheap
esomeprazole over the counter – https://anexamate.com/ order generic esomeprazole 20mg
warfarin over the counter – anticoagulant losartan usa
buy meloxicam no prescription – relieve pain generic meloxicam 7.5mg
order prednisone 40mg online – https://apreplson.com/ deltasone 5mg sale
otc ed pills that work – pills for ed cheap erectile dysfunction
fluconazole 100mg oral – purchase diflucan online cheap where can i buy fluconazole
how to buy escitalopram – https://escitapro.com/ order lexapro 20mg without prescription
cenforce 100mg pills – https://cenforcers.com/ buy cenforce 100mg
cialis store in philippines – click cialis store in philippines
ranitidine 150mg price – site ranitidine for sale online
order viagra now – https://strongvpls.com/ viagra sale over counter uk
I am actually delighted to coup d’oeil at this blog posts which consists of tons of worthwhile facts, thanks representing providing such data. https://buyfastonl.com/gabapentin.html
More articles like this would make the blogosphere richer. click
This is the kind of criticism I rightly appreciate. https://ursxdol.com/provigil-gn-pill-cnt/
This is the make of enter I recoup helpful. prednisolone et alcool
This website positively has all of the information and facts I needed about this participant and didn’t positive who to ask. https://ondactone.com/simvastatin/