Market reacts against expectations
When market is greedy you have to be fearful and when market is fearful you must be greedy. When long positions are more you have to go for short position and when short positions are opened more you go for long one.
This is how crypto market works and once you understand about this you will surely book huge profits.
According to the chart from #binance, right now the short positions have increased and about 55% of the traders have opened short positions.
Which is indicating that they are thinking bear market is coming. But as usual market goes against expectations.
Soon we will see that market will go upside. In other words its time to open long positions.
Have you remember when Bitcoin halving was closer and every investors was thinking that a huge bull run is coming. What happened? The market kept on crashing.
Similarly, ETH ETF was a good news but instead of rising the market massively dropped.
No doubt these good news will have positive impact on market, but its time will be decided by the whales and other large companies.
For the time being the market is bearish and soon a bullish trend is expected. This is because most of the people are now bearish.
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