#OnChainInsights As of February 21, 2025, Bitcoin (BTC) is trading at $98,663, reflecting an increase of $1,357 (approximately 1.4%) from the previous close.

In the cryptocurrency derivatives market, the ratio of long to short positions can provide insights into trader sentiment. A higher long-short ratio suggests a bullish outlook, while a lower ratio indicates bearish expectations. For instance, data from January 2024 showed that the Bitcoin long-short ratio on Binance Futures reached a multi-month high of 2.86, indicating a significant bullish sentiment among traders at that time.