Binance Data: Despite Bitcoin Dip, 70.25% of Accounts Hold Long Positions
CryptoNewsTerminal Staff12 Jun, 2024
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.