Binance Data: Despite Bitcoin Dip, 70.25% of Accounts Hold Long Positions

IconCryptoNewsTerminal Staff12 Jun, 2024

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Binance Data: Despite Bitcoin Dip, 70.25% of Accounts Hold Long Positions

Despite the significant drop in Bitcoin, individual investors still prefer long positions, according to cryptocurrency trading platform Hyblock. Hyblock said in an email shared with Cointelegraph that 70.25% of Binance accounts are taking long positions on BTC. The ratio was 57% 24 hours ago. “Individual investors seem to be continuously attempting to buy at the lowest point,” the firm stated.