Bitcoin maintains a precarious grip on the $60,000 level amidst high market volatility, with traders overwhelmingly favoring long positions.
Despite this turbulence, the majority of traders have maintained a bullish outlook, favoring long positions. However, recent data reveals that these long positions have faced some setbacks during this period.The findings reveal that, over the past few weeks, the majority of accounts have maintained long positions, consistently surpassing 60%. As of the latest data, the percentage of long positions has risen to over 63%.
When combined with short liquidations, this trend becomes even more significant, highlighting the volatility and risk present in the current market despite the overall bullish sentiment among traders.price trend revealed that it has been struggling to consistently reclaim the $60,000 level, despite briefly doing so in recent days.
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