Bitcoin

<ul class="news-points"> 
 <li><strong>Ali revealed in an X post today that 51% of traders on Binance with open futures positions are shorting BTC.</strong></li> 
 <li><strong>BTC was up 1.85% — boosting its price to $28,696.32, at press time.</strong></li> 
 <li><strong>From a technical standpoint, BTC was trading in a medium-term positive price channel.</strong></li> 
</ul> 
<p>The cryptocurrency analyst and trader, Ali, revealed in an X (formerly Twitter) post earlier today that traders are busy shorting <a href="https://coinedition.com/tag/bitcoin-btc-news/">Bitcoin (BTC)</a> on Binance. According to the post, roughly 51% of all accounts on the leading exchange platform with open BTC futures positions are going short.</p> 
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   <p lang="en" dir="ltr">As <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#Bitcoin</a>&nbsp; nears $29,000, roughly 51% of all accounts on <a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#Binance</a>&nbsp; with an open <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$BTC</a> futures position are going short! <a href="https://t.co/o7SUMfHEyX" target="_blank" rel="nofollow">pic.twitter.com/o7SUMfHEyX</a></p>— Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1714527645038219387?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">October 18, 2023</a>
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<p>Meanwhile, data from CoinMarketCap indicated that the market leader achieved a gain over the past day of trading. At press time, BTC was up 1.85%. This positive daily performance also boosted BTC’s weekly performance to +5.99%. Subsequently, the cryptocurrency’s price stood at $28,696.32.</p> 
<p>BTC’s latest increase in price was also enough to earn it the top spot on CoinMarketCap’s trending list. This placed it above Big T…</p>
<p>The post <a rel="nofollow" href="https://coinedition.com/btc-traders-on-binance-are-betting-against-the-market-leader/">BTC Traders on Binance Are Betting Against the Market Leader</a> appeared first on <a rel="nofollow" href="https://coinedition.com">Coin Edition</a>.</p>

BTC Traders on Binance Are Betting Against the Market Leader

Coin Edition

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