The overwhelming majority of traders in the crypto market are currently longing Bitcoin, data shows. While some technical indicators point toward a rally to the $8,200 resistance area, the large amount of longs leave the market vulnerable for a potential squeeze. On both Binance Futures and BitMEX, the funding rate of the Bitcoin futures contract […]The post Data shows 65% of the market is longing Bitcoin, but this key reason could spoil the rally appeared first on CryptoSlate.
