Crypto Express

07/13 02:22

ADA Bulls and bears in a deadlock? Not quite

In the derivatives market, sentiment appears mixed, although buyers still have a slight advantage.

At the time of writing, liquidation data on Coinalyze showed nearly equal volumes for long and short positions in the perpetual market.

Approximately $4.9 million was liquidated on both long and short positions, highlighting indecision in ADA’s market direction.

Despite this uncertainty, the Long-to-Short Ratio suggests bullish sentiment may still dominate. 

Recent buyer volume accounted for 76.22% of trades, while sellers made up just 23.78%, giving bulls a potential advantage.

However, if selling pressure intensifies, these buyers could face steep losses.

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