The Binance long/short sentiment metric recently showed a noticeable spike in favor of long positions — suggesting a growing bullish bias among traders.
Looking back, during the 100K–110K consolidation range, the sentiment on Binance was skewed toward shorts. Soon after, the market broke upward, liquidating those short positions. It was a textbook example of market makers driving price against the majority, catching bears off-guard.
Now, Bitcoin is consolidating between 116K and 120K, and sentiment data shows an increase in long positions. This indicates that many traders expect further upside. However, this range has become a static zone of support and resistance — a classic trap environment. Rapid shifts in sentiment often lead to reverse price action, and the recent surge in positive sentiment could be a warning sign.
In Summary:
The spike in Binance's sentiment metric shows growing optimism and long positioning among traders. Historically, such extreme sentiment has often been followed by moves in the opposite direction. Caution is advised — what seems like a bullish setup might once again become a trap.
Written by BorisVest
