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.

Free Trading Guides
EUR/USD
Bullish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
GBP/USD
Bullish
USD/JPY
Mixed
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Gold
Mixed
Oil - US Crude
Bullish
Bitcoin
Mixed
More View more
Real Time News
  • RT @CVecchioFX: A question I frequently get asked these days is, "Is it realistic to believe that the US Dollar can lose its role in the gl…
  • LIVE NOW: Join @JStanleyFX as he runs through price action set-ups for the FX and CFDs market. https://www.dailyfx.com/registerToSeminar?webinar=1338844901231735299&utm_source=Twitter&utm_medium=DFXGeneric&utm_campaign=twr
  • US 10-Year Notes Draw 1.842% Primary Dealers Accepted: 24.5% Direct Bidders Accepted: 19.4% Indirect Bidders Accepted: 56.1% B/C Ratio: 2.43
  • ⬇️ Highly recommend my fellow volatility fiends give this article a read https://t.co/iQTNxAInvW
  • RT @HuXijin_GT: US Congress passed many China-related bills, China can't respond to all of them. The principle of Chinese government, as I…
  • here we go, starting right now -> https://www.dailyfx.com/webinars/1338844901231735299?webinar=1338844901231735299&utm_source=Twitter&utm_medium=DFXGeneric&utm_campaign=twr https://t.co/xx9H1CqID9
  • LIVE IN 5 MINUTES: Join @JStanleyFX as he runs through price action set-ups for the FX and CFDs market. https://www.dailyfx.com/registerToSeminar?webinar=1338844901231735299&utm_source=Twitter&utm_medium=DFXGeneric&utm_campaign=twr
  • Great comprehensive article on volatility by @PaulRobinsonFX: 'Market Volatility: The Impact of Volatility in Major Financial Markets' https://www.dailyfx.com/forex/fundamental/article/special_report/2019/12/05/Market-Volatility-The-Impact-of-Volatility-in-Major-Financial-Markets.html
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 98.16%, while traders in US 500 are at opposite extremes with 77.02%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/kaNGUABcNM
  • LIVE IN 15 MINUTES: Join @JStanleyFX as he runs through price action set-ups for the FX and CFDs market. https://www.dailyfx.com/registerToSeminar?webinar=1338844901231735299&utm_source=Twitter&utm_medium=DFXGeneric&utm_campaign=twr
Bitcoin: 80.3% of Traders Are Net-Long

Bitcoin: 80.3% of Traders Are Net-Long

2019-05-06 15:16:00
Nancy Pakbaz, CFA, Markets Writer
Share:
Bitcoin

TRADERS REMAIN NET-LONG

Bitcoin: Retail trader data shows 80.3% of traders are net-long with the ratio of traders long to short at 4.06 to 1. The number of traders net-long is 0.2% higher than yesterday and 3.1% lower from last week, while the number of traders net-short is 2.7% lower than yesterday and 8.2% higher from last week.

To gain more insight in how we use sentiment to supplement a strategy, join us for one of our weekly webinars on how to “Identify Trends with Sentiment”:

Thursday 21:00 GMT

Tuesday 15:00 GMT

Wednesday 00:00 GMT

Wednesday 12:30 GMT

(click on one of the above times to enroll)

BITCOIN: SENTIMENT SUGGESTS A BEARISH TRADING 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 Nancy Pakbaz, CFA, DailyFX Research

Follow Nancy on Twitter @NancyPakbazFX

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

DISCLOSURES

News & Analysis at your fingertips.