The Long to Short Ratio is slowly going up.
A few days ago I posted how for the first time in nearly half a year, Long whales were collectively in profit.
Well now, they are actually equally in profit to the Short Whales.
Not only that, the liquidation distances have levelled out too, a lot of whales that went long this time can not get liquidated (still have enough regards that go 40x full account though, so, there is that).
I personally think, if Oil doesn't go through the roof, which is a fair possibility, we might have a bit of a relief coming up.
What are your thoughts?
https://i.redd.it/vt5cwgr9pdpg1.png
Posted by obolli
2 Comments
Here is the thing: it (relief) might come up, but there’s no guarantee. We’ve seen signs of insider trading and market manipulation in both stocks and crypto, so traditional analysis doesn’t work 100% of the time.
Would I like a relief bump? Sure.
Does the data say it can happen? Yep.
Will it happen? Nobody knows — all data merely suggest what might happen and if it is more likely or less likely to happen, but there’s is no guarantees here.
It’s still a Bear Market.