Crypto Express

07/11 03:29

VET On-chain metrics show bullish traders’ sentime

VET On-chain metrics show bullish traders’ sentiment 

Given the current market sentiment, traders have shown strong interest in the asset, as revealed by the on-chain analytics firm CoinGlass.

At press time, the VETUSDT Long/Short Ratio stood at 1.92, indicating strong bullish sentiment among traders.

This metric further shows that 65.76% of traders were holding long positions, while 34.24% were in short positions.

Additionally, traders are currently overleveraged at $0.0208 on the lower side (where most traders seem to be betting) and $0.0229 on the upper side.

Combining these on-chain metrics, it appears that bulls are currently dominating the asset, and the price may continue its upside momentum in the coming days.

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