Longs are not really all that powerful when you think about it. Just a few months ago there was a situation where longs were so much that shorts all had to do was sell all their coins and some dude sold tens of thousands of bitcoin he had in order to make the profit, dude probably made 10x of the amount he lost from selling and that was it, all the shorters made the profits of longers.
What you are missing out is, when there is more long futures sold and they are dominating, you could get in with a lot less money into shorts versus longs, like a sportsbetting, where you could bet on getafe to win against real Madrid, for lower amount you can make a bigger profit. So, all they have to do is destroy it once and you will get all of the money longs have put into the market.
Topic: Domination of Longs - page 3. (Read 444 times)
it's not surprising for me,and about what happened today,like i say before on another thread,now its a final barrier between going to next resistance on 12-13k range,or back to 7-6k. The great news, according to many aspects like charts,trading volume giving a positive point,which mean,it seems btc can go futher, however its doesn't mean bear cant do anything.
This is good news for Bitcoin but this is not 100% accurate, bears still can takeover. And that percantage may manipulated by such an exchanges.
As what I remember before when we dump around below $5,000, the percentage of long is still high before but the price of Bitcoin continue to dump, so if you are do trading, don't totally really rely on this kind of platform.
As what I remember before when we dump around below $5,000, the percentage of long is still high before but the price of Bitcoin continue to dump, so if you are do trading, don't totally really rely on this kind of platform.
Zoom out, there are no true bears since 2010.
Plus anything "bearish", or crash, is a welcome downward volatility to buy the dip, and HODL. I don't understand people who say that they are "long-term bullish", but short Bitcoin and hope it crashes to $6,000.
Killing new passengers is a definitely must, but I'm actually surprised that the 10k did not immediately bounce first, since I'm sure we've got a lot of people waiting to TP at exactly this point, if not at 10200 which we are actually hovering around now.
Or are people really going mostly in on derivatives at this point and then bringing their money over to physical now?
Or are people really going mostly in on derivatives at this point and then bringing their money over to physical now?
Yes, I agree that short positions are getting rekt not just today though, it started when the price suddenly pump in the last 48 hours causing this break out run, or what I call mini bullrun. $10,200 already so it's just matter of time before we see another barrier broken, which is $10,500. And this is just the start of the week for us, so I wouldn't be surprised if $10,800-$11,000 will be achieved at the end of this week.
This is good news for Bitcoin but this is not 100% accurate, bears still can takeover. And that percantage may manipulated by such an exchanges.
As what I remember before when we dump around below $5,000, the percentage of long is still high before but the price of Bitcoin continue to dump, so if you are do trading, don't totally really rely on this kind of platform.
As what I remember before when we dump around below $5,000, the percentage of long is still high before but the price of Bitcoin continue to dump, so if you are do trading, don't totally really rely on this kind of platform.
Longs definitely dominate on Shorts for the last several hours. But we are aalready passed the 10k$ Resistance and go to 12k$, that Local Correction is something we need, in order to locally kill new passengers. 😅.You know what I mean 😁
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