Bitcoin long traders fail to 'catch the knife' so far as liquidations mount.
In a tweet on Jan. 10, on-chain analytics firm GlassnodeLong traders fail to “catch the knife”
According to Glassnode’s Longs Liquidations Dominance metric, the “majority” of liquidations over the new year involved longs. This is unsurprising, given Bitcoin’s overall trajectory since late November, but the extent of losses puts the past few weeks on par with May in terms of longs vs. shorts. “Bitcoin long liquidation dominance has hit 69%, the highest level since the May 2021 deleveraging event,” researchers commented.
“This means that the majority of liquidations in futures markets over recent weeks were long traders attempting to catch the knife.”Looking at the data, the period from late July through late November saw the opposite trend form, with shorters becoming victims of an unexpected bull run multiple times.While long liquidation spikes do not always mark local price bottoms, the appetite for a turnaround on short timeframes has long been vocal.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Amazon has mostly avoided antitrust scrutiny, but that may change in 2022Congress and the Federal Trade Commission have Amazon in their collective crosshairs entering 2022. While new bills target Amazon's online-sales practices, a...
Baca lebih lajut »
Future OLED iPads may land a durable display technology currently reserved for car screensApple has reportedly lined up another supplier - BOE - for the next iPad Pro models with the new OLED display technology.
Baca lebih lajut »
Novak Djokovic's visa reinstated by Australian judge but government may hold offThe decision apparently renews his chance to win a record 21st Grand Slam title at the upcoming Australian Open. The visa was canceled last week because he's unvaccinated.
Baca lebih lajut »
Be Careful How You Reject Internal Candidates—You May Lose Them EntirelyThat’s a rejection you can rationalize, but when you’re turned down by an organization that knows you well, that tends to sting more.
Baca lebih lajut »
Dementia cases may triple globally by 2050: StudyUnless countries act swiftly to address dementia risk factors, global cases of dementia may triple by 2050, according to new study.
Baca lebih lajut »
Pop-Up COVID Testing Sites May Be Rife for Identity Theft, Experts SayPop-up testing sites have cropped up on street corners, in parking lots and on shopping properties across the country, but health and legal experts say many of these are unregulated and could be rife for nefarious activities like identity theft.
Baca lebih lajut »