Number of traders net-short has decreased by 28.03% from last week.
|
SYMBOL |
TRADING BIAS |
NET-LONG% |
NET-SHORT% |
CHANGE IN LONGS |
CHANGE IN SHORTS |
CHANGE IN OI |
|
BEARISH |
94.25% |
5.75% |
-9.53%
6.87% |
-33.57%
-28.03% |
-11.38%
3.97% |
Ethereum: Retail trader data shows 94.25% of traders are net-long with the ratio of traders long to short at 16.38 to 1. Our data shows traders are now at their most net-long Ethereum since Dec 18 when Ethereum traded near 132.39. The number of traders net-long is 9.53% lower than yesterday and 6.87% higher from last week, while the number of traders net-short is 33.57% lower than yesterday and 28.03% lower from last week.
We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests Ethereum 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 Ethereum-bearish contrarian trading bias.
