🤔 What does this mean?
Some traders stopped betting that the price would fall ❌📉
They closed their risky trades and started buying the real thing instead ✅🛒
What is a short?
It’s when someone bets that the price will go down 📉
What happens when they close a short?
They have to buy back what they sold, which can push the price up 🔼
What is a spot position?
It means actually owning the asset, not just trading on price moves 🪙
Why does this matter?
When traders switch from betting against the price to buying, it creates more demand 🛒
What’s the result?
More buying can make the price go higher 🚀
Traders are now buying instead of betting against the price, which is a positive sign for the market! 🌟
Curious Caption:
Why are traders suddenly switching sides?
🤔💡 Find out what’s driving the market! #crypto #BullishMomentum $BTC $ETH $BNB