Shorts are increasing...Next Move?

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Seems that the number of shorts are increasing lately.
In particular on BINANCE Futures we have 62% shorting BTC while 38% Longing... usually both percentages are more balance there:

Also the traditional markets are really moving hesitantly today, just have a look to the DOW JONES index which is losing 713 points or -2.77% in one day:

We cannot deny the fact that the crypto market is linked to the traditional market lately, although I hope that the former will soon decouple from the latter...for the moment, when DJIX index goes down, also BTC goes down...

However, if anything I have learnt about the crypto market since I started following it more than 4 years ago is that when everyone bets on "red", sometimes, the opposite happens and "green" appears...

I feel in my guts that we are really going to see great rise of crypto although I am also expecting a correction to the 8600 USD before resuming upwards...

In the meantime, let's accumulate as much as possible.

@toofasteddie


*Disclaimer: This is just my personal point of view, please, do your own assessment and act consequently. Neither this post nor myself is responsible of any of your profit/losses obtained as a result of this information.

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8 comments
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(Edited)

The coronavirus has stopped a bit economy so it will take time to see new money flowing. That is a bad thing for bitcoin it has taken all the potential it had with the halving.

PD: Espero que tot vagi be😜

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Tot be per aqui per sort, i tu com estas?

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Bee també! Esperem que s'aguanti la cosa.

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when everyone bets on "red", sometimes, the opposite happens and "green" appears...

Exactly what I was thinking when saw that screenshot of Binance

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Hehehe! Will see what happens but the covid seems to move the market

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Y si es una plana irregular los movimientos de los ultimos dias y todo el ultimo rally bajista es una C? Pues me parece que se van hacer gaitas todos

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