Skip to Content
News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.

Free Trading Guides
Subscribe
Please try again
Select

Live Webinar Events

0

Economic Calendar Events

0

Notify me about

Live Webinar Events
Economic Calendar Events

H

High

M

Medium

L

Low
More View More
Bitcoin Tumbles Despite Net-Long Positions

Bitcoin Tumbles Despite Net-Long Positions

Dylan Jusino, Contributor

Share:

Why and how do we use IG Client Sentiment in trading? See our guide and real-time data.

Bitcoin: Retail trader data shows 63.9% of traders are net-long with the ratio of traders long to short at 1.77 to 1. The number of traders net-long is 17.6% lower than yesterday and 17.9% lower from last week, while the number of traders net-short is 13.6% lower than yesterday and 66.9% higher from last week.

We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests Bitcoin prices may continue to fall. Yet traders are less net-long than yesterday and compared with last week. Recent changes in sentiment warn that the current Bitcoin price trend may soon reverse higher despite the fact traders remain net-long.

--- Written by Dylan Jusino, DailyFX Research

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES