Number of traders net-short has decreased by 80.49% from last week.
| SYMBOL | TRADING BIAS | NET-LONG% | NET-SHORT% | CHANGE IN LONGS | CHANGE IN SHORTS | CHANGE IN OI |
|---|---|---|---|---|---|---|
| Ripple | BEARISH | 98.23% | 1.77% | -1.62% Daily -29.07% Weekly | -25.00% Daily -80.49% Weekly | -2.16% Daily -32.23% Weekly |
Ripple: Retail trader data shows 98.23% of traders are net-long with the ratio of traders long to short at 55.50 to 1. Our data shows traders are now at their most net-long Ripple since Jan 11 when Ripple traded near 0.21. The number of traders net-long is 1.62% lower than yesterday and 29.07% lower from last week, while the number of traders net-short is 25.00% lower than yesterday and 80.49% lower from last week.
We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests Ripple prices may continue to fall.
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Ripple-bearish contrarian trading bias.