Bitcoin Open Longs and Shorts

Market Research
Written By Guest User
BTC daily chart as of approximately 3:30pm. 9/8/21

BTC daily chart as of approximately 3:30pm. 9/8/21

Bitcoin shorts have yet to see a substantial increase since BTC’s bottom in late July. Since then, open longs have taken a dip. BTC longs also took a noticeable dip after Bitcoin’s flash crash on 9/7/21.

What could this mean? In regards to shorting, traders may be a little hesitant after the uptrend started at the end of July. Shorts have still yet to show a substantial increase, while there are substantially more longs open even though they’ve dipped since their heights. Overall, this translates as continued positive market sentiment.

Guest User
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