Bitcoin Long/Short Ratio Hits 1-Month High Amidst Market Speculation

The Bitcoin long/short ratio recently surged to a one-month high, signaling increased bullish sentiment in the cryptocurrency market. Institutional investors have significantly ramped up their positions on platforms like Binance and OKX, indicating confidence in rising Bitcoin prices. This surge is further underscored by escalating open interest levels, suggesting heightened speculative activity in derivatives trading. PlanB, renowned crypto analyst, suggests, ‘Volatility is getting lower…now they’re almost similar,’ hinting at potential sustained price growth as a macro trend.