63.76% of Bitcoin Traders on Binance Are Short as Bearish Bias Dominates
Binance data shows 63.76% of Bitcoin traders are short, highlighting a firm bearish stance dominating market sentiment and position structures.
The current long/short ratio of 0.57 reveals nearly twice as many traders expect Bitcoin to fall than to rise.
Heavy short positioning could trigger sharp volatility if Bitcoin rallies and forces mass liquidation of bearish positions.
Bitcoin Short Positions Dominate Binance Market
As of May 2nd at UTC 06:00, a total of 63.76% of Binance traders holding active Bitcoin positions were short, while 36.24% held long positions. The long/short ratio was at a value of 0.57, implying nearly two traders are short on Bitcoin for each one anticipating it to go up.
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