crypto analysis
07/29 22:13
Longs stack up, but will they take profit soon? T
Longs stack up, but will they take profit soon?
This bullish outlook has been gaining significant attention from the crypto community, as evidenced by a 67% surge in Open Interest (OI) to $100 million, per CoinGlass.
the CAKEUSDT Long/Short Ratio stood at 1.82, with 64.51% of top accounts holding long positions and 35.49% short.
However, CoinGlass data also showed nearly $757K worth of CAKE moved to exchanges on the same day, possibly signaling short-term profit booking.
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