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What does the long-short position ratio mean (long-short position index)?

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What does the long-short position ratio mean? During the process of Bitcoin pric

What does the long-short position ratio mean (long-short position index)?

What does the long-short position ratio mean? During the process of Bitcoin price decline, the positions of both long and short sides have changed. For example, if there is a significant market fluctuation or the market enters a bear market, investors can choose to short the contract. However, due to the current market being in a state of volatility, it has led to an increase in the total position. But as the market trading volume and market sentiment gradually improve, we will find that more and more traders begin to pay attention to the market dynamics and trends. So, we must pay attention to risk control when operating.

Long-Short Position Index

According to TokenGazer data analysis, as of 17:00 on August 5th, the price of BTC was $9,261.35, with a market value of $12,019.3M; the trading volume on mainstream exchanges in the last 24 hours was about $21,571.05MM, an increase of 27.78% compared to yesterday. The number of long and short positions in futures hasn’t changed much, and the overall market still maintains a bullish viewpoint. From the perspective of active addresses on the chain and distribution of computing power, the number of daily active users on the BTC network is close to the lowest level in nearly a year, and miners are in a profitable state, so the current market trend is relatively calm.

Around 21:00 UTC on Wednesday, with the rise in coin price, the price of Bitcoin briefly dropped to around $9,000 and then rebounded but failed to break through the $10,000 support level. At the time of writing, the balance of Bitcoin on Bitfinex is still fluctuating below the zero axis.

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