Posteo

Bitcoin has already dropped back to 77,000, so why are there more and more people going long???? I just pulled the contract data from OKX and took a look. In the last nine hours or so, the BTC long-short ratio has risen steadily from 1.20 to 1.58. This data counts the number of long and short accounts, so it can’t be directly taken as the amount of capital. But it at least shows one thing: the lower the price goes, the more people rush in to bottom-fish. #DailyOrbit #FOMCRateCallThisWeek