crypto analysis
07/29 22:39
The Long/Short Ratio revealed a strong bullish tilt, with 72.14% of accounts positioned long versus 27.86% short. This translated to a ratio of 2.59, showing growing conviction among bullish traders.
While such aggressive positioning often fuels upside surges, it also increases the risk of liquidations if price dips sharply. However, the current structure supports the bulls as long as WLD holds above the $1.10 level.
The dominance of long positions could help push prices higher, especially if short squeezes emerge near $1.15 and $1.20.
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