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
Please try again

Live Webinar Events


Economic Calendar Events


Notify me about

Live Webinar Events
Economic Calendar Events






More View More
Bitcoin: Weekly Short Positions Shrink 13% Prompting Bearish Bias

Bitcoin: Weekly Short Positions Shrink 13% Prompting Bearish Bias

Jake Schoenleb, Contributor


What's on this page
Bitcoin Client Trader Sentiment

85% of Retail Traders are Net-Long

Bitcoin: Retail trader data shows 85.2% of traders are net-long with the ratio of traders long to short at 5.74 to 1. The number of traders net-long is 0.2% lower than yesterday and 4.9% higher from last week, while the number of traders net-short is 1.1% lower than yesterday and 13.1% lower from last week.

Be sure to check out our Bitcoin Trading Guide if you're new to cryptocurrencies!

Bitcoin Sentiment Sparks a Bearish Bias

We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests Bitcoin 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 Bitcoin-bearish contrarian trading bias.

--- Written by Jake Schoenleb, DailyFX Research

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