Sixty percent of Binance traders are short on Bitcoin futures

HIGH short positions indicate bearish outlook: Currently, the long/short ratio is 0.67, with shorts at 59.98% and longs at 40.02%. This suggests traders anticipate that Bitcoin prices may decline, leading them to hedge against uncertainties in the market.

Traders watch long/short ratio closely: Analysts observe the long/short ratio for insights into market sentiment. A value below 1.0 signifies pessimism among traders, with short positions consistently increasing and surpassing long positions.