The volume is lower and lower everyday, plus the Long to Short Ratio, is still dominated by the bears, according to coinglass:
Average among the exchanges: 50.27% Short
* Binance: 50.19% Long
* FTX: 50.76% Short
* Kraken: 50.21% Short
Our analysis is that Bitcoin will need to retrace in order to accumulate and grow in volume
-ECF
Average among the exchanges: 50.27% Short
* Binance: 50.19% Long
* FTX: 50.76% Short
* Kraken: 50.21% Short
Our analysis is that Bitcoin will need to retrace in order to accumulate and grow in volume
-ECF
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.