Breaking News / Bitcoin / Analytics
Bitcoin (BTC) Longs/Shorts ratio has reached near its all-time high again amid a wild bullish euphoria that seems to know no bounds. Most retail traders have been bullish on BTC/USD since the beginning of the year and they have no intentions to stop being bullish. The big players are capitalizing on this euphoria by cashing out at excellent prices while the sentiment remains overly optimistic. The weekly chart for BTCUSDLongs/BTCUSDShorts presents a very alarming picture but unfortunately most retail traders are not concerned by it. It is always the mainstream investors that are left holding the bags as the big players know when to get out. This is a major red flag that should discourage you from being long on the market at this point.
It is not about how big a pump we get to the upside, it is about whether that pump is sustainable or not. If you want to ponder further then you might want to think about the reasons behind those pump and why it might be happening and what it means for you. I still believe that the recent pump was institutions getting out of the market. I would not be surprised if we see similar pumps again. For retail traders that are bullish on Bitcoin (BTC), let me say that it is not worth another potential pump to remain in the market. If you are holding on because you expect another pump, then maybe you should start thinking about a potential dump too because nothing just keeps on rising. In the case of BTC/USD, the recent pump delayed a brutal downtrend but we are now very close to it.