menu
techminis

A naukri.com initiative

google-web-stories
Home

>

Cryptography News

>

Bitcoin Ra...
source image

Coindoo

1M

read

303

img
dot

Image Credit: Coindoo

Bitcoin Rally Fueled by Bearish Bets from Retail Traders

  • Retail traders are increasing their bearish bets on Bitcoin as it climbs above the $105K zone.
  • Data from Alphractal's Leveraged Traders’ Sentiment indicator shows a rise in short interest, particularly among smaller market participants.
  • Historically, when retail traders are heavily bearish, the market tends to move in the opposite direction.
  • The contrarian setup, with rising bearish bets and steady Bitcoin ascent, could lead to a short squeeze or continuation of the uptrend.

Read Full Article

like

18 Likes

For uninterrupted reading, download the app