Long

bullish

Bitcoin

<p>The post <a href="https://coinpedia.org/crypto-live-news/70-of-binance-traders-long-on-btc-exhibit-bullish-attitude/" rel="noopener noreferrer nofollow">70% of Binance Traders Long On BTC, Exhibit Bullish Attitude</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>Traders on Binance are taking advantage of the chance to purchase the decline of Bitcoin. Recent data shows that almost 70% of such traders are long on BTC, demonstrating a very bullish attitude. As of Aug. 1, 2024, 69.3% of accounts had long positions and 30.7% had short positions, according to Binance’s orders distribution. This indicates a long/short ratio of 2.26. Significantly favoring long positions implies that the best traders think the current decline in Bitcoin is just a temporary setback and anticipate a bounce back.&nbsp;</p>

70% of Binance Traders Long On BTC, Exhibit Bullish Attitude

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