⚠️⚠️⚠️⚠️Market on the brink: long positions are increasing, especially for BTC
Retail Long/Short Ratio is rising again across the market, including BTC, ETH, BNB, and SOL.
The market average is now 2, which means there are twice as many long positions as short ones. However, BTC is at an extremely low level of 0.68, which is one of the lowest values in history.
Typically, such values below 1 predict local peaks, so caution is advised, especially around $97k.
Be mindful of current levels on BTC and do not rule out possible corrections in the near future.