As is frequently the case whenever assets such as Bitcoin ( BTC ) trade uncharacteristically highs or experience a rapid plunge, many investors turn to their short ratios to try and gauge the overall market sentiment and detect possible causation. The world’s premier cryptocurrency is in such a situation at press time on January 10 as it has been trading with significant volatility in recent weeks and has, so far, failed to find a stable footing above the critical psychological level above $100,000 in 2025. Most recent data from the world’s largest cryptocurrency exchange by trading volume, Binance , however, reveals that the sentiment might again be turning bullish as the proportion of long BTC positions has been rapidly increasing in the second half of the January 6 to January 12 week. Is Bitcoin heavily shorted today? Specifically, the number of bets against Bitcoin peaked on January 7 – simultaneously with the coin’s recent price peak at about $101,000 – when as many as 56.76% of accounts were in a short position against the digital asset. By press time, the percentages shifted significantly in favor of bullish bets, with as many as 68.28% of top Binance accounts taking a long position by January 10, signaling a general expectation BTC will rally at least for some time. Bitcoin long/short ratio. Source: Binance The change in attitude was accompanied by a marked shift in the coin’s price performance, which, after finding its latest bottom just under $92,000, rallied to its press time price of $94,914. BTC YTD price chart. Source: Finbold Are investors accumulating or selling Bitcoin? Still, the latest available data covering ‘buy’ and ‘sell’ volumes shows that more accounts are selling Bitcoin than buying. However, it is not certain if it is profit-taking behavior or a loss of faith in a continued 2025 rally. On the other hand, it is noteworthy that the most recent available figures are for January 9, meaning they do not reflect the volume that helped BTC regain some ground after collapsing below $92,000 on Thursday. Bitcoin buy and sell volume. Source: Binance Why Bitcoin’s rally might persist Furthermore, the shift in sentiment observable at press time can be traced to a combination of factors. To begin with, recent trading was plagued by the reminder that the Department of Justice is still free to sell $6.5 billion worth of Bitcoin it seized from the illicit Silk Road market. Though knowledge that such government actions are in the cards tends to have an impact on the market, the actual offloading of cryptocurrency by law enforcement is seldom impactful, as Finbold reported on January 9. Additionally, it is likely the DoJ will not have a negative impact on Bitcoin’s price after the initial shock passed, especially since on-chain data retrieved on January 10 from Arkham reveals no BTC has been moved thus far. U.S. government’s Silk Road Bitcoin balance. Source: Arkham As for the coin’s likely next move, the recent positive momentum is likely to send it higher and toward $99,000, with the prominent blockchain expert Ali Martinez opining on X that BTC is poised for a rebound now that it enjoyed an hourly close above $94,700. #Bitcoin $BTC is prime to rebound after printing an hourly close above $94,700! https://t.co/8qo7ulq4mJ — Ali (@ali_charts) January 10, 2025 Is this the next most important price for Bitcoin? Still, given the recent trading, the true test will come once Bitcoin reaches $97,000 – a value that has proved an important psychological resistance in recent trading – with the strength of the upward move after reaching that level likely determining future direction. A possible bearish reading for BTC would be that it is repeating a similar pattern to the summer of 2024. Indeed, despite optimism persisting for most of last year, Bitcoin experienced several months of decline as it began recording a series of lower highs and lower lows. Though such a pattern is not yet guaranteed, the last 30 days did feature a rally above $108,000 followed by a plunge below $95,000 and a rally above $99,000 followed by a decline below $93,000. While the subsequent January 7 high was higher at about $101,000, the next low – the one recorded on January 9 – was lower as it threatened a drop all the way to $91,000. Could this external catalyst make Bitcoin go parabolic? Finally, whether the loose late 2024 and early 2025 pattern is confirmed or not, there is a strong possibility it will be invalidated by a powerful external catalyst before the end of the month. Specifically, Donald Trump’s re-election in November was the event that arguably ended the long summertime decline and propelled BTC to new all-time highs (ATH). There is a strong possibility that the markets will react with similar enthusiasm when the Republican officially takes the helm with the January 20 inauguration. Featured image via Shutterstock The post Are traders heavily shorting Bitcoin? appeared first on Finbold .
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Sweet Rewards Await: BitDegree Launches Mission Spotlighting Vanilla Finance
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Crypto Investors Dump Ripple (XRP) to Chase Viral $0.175 Altcoin with a $30 Price Target
Investors are moving from well-known coins like Ripple (XRP) to hunt exciting new altcoins, causing an amazing change in the crypto market. Among these, Rexas Finance (RXS), at just $0.175, stands as the leading candidate. Retail and institutional investors are attracted to this fast-growing token because of its creative technology and explosive development possibilities. For investors looking for significant gains, RXS gives an unmatched chance, given market experts` shockingly $30 price forecast. Why Investors Are Moving Away from Ripple (XRP) Once a market favorite, Ripple (XRP) has struggled to maintain investor trust in light of its partial legal triumph against SEC chair Gensler`s imminent retirement on Trump`s inauguration. XRP is still a prominent player in cross-border payments, but legal uncertainty and fierce competition from emerging blockchain alternatives have stalled its spread. Concerned about XRP`s capacity to revert to its all-time high of $3.92 anytime soon, many investors have started considering alternative assets. However, more recent tokens with strong roadmaps and innovative use cases, like Rexas Finance (RXS), are making waves. RXS has positioned itself as a revolutionary force in real-world asset (RWA) tokenization, providing a contemporary means of integrating physical objects with blockchain technology. This shift in emphasis from legacy cryptocurrencies like XRP to promising altcoins highlights the evolving interests of crypto investors, who are progressively motivated by innovation and expansion possibilities. Rexas Finance (RXS): The Viral $0.175 Altcoin Rexas Finance (RXS) has become very popular as the altcoin of choice for forward-looking investors. Reflecting great enthusiasm from the crypto world, RXS has already raised over $35.37 million, trading at a reasonable $0.175 at its 11th presale stage. The token has shown constant performance; its presale stages sold faster than expected. Within three months, RXS has attained a 6x price rise from its first presale pricing. Rexas Finance (RXS) distinguishes itself with its innovative attitude to asset management. From real estate and art to commodities and intellectual property, it lets users tokenize almost any real-world item, enabling worldwide full or fractional ownership. With limitless liquidity and investment possibilities, this unique value proposition sets RXS apart from other market players. The growing need for asset tokenization has sparked even more interest in RXS and helped create conditions for explosive expansion. The $30 Price Target: A Bold but Achievable Goal Investors are excited about Rexas Finance`s (RXS) expected $30 pricing goal. With a startling 17,000% return from its present presale price, this aggressive estimate makes it among the most profitable prospects available. Analysts credit the token`s creative technology to excellent presale performance and plan to list on three tier-1 exchanges for its potential. Unlike speculative meme coins, Rexas Finance (RXS) presents a good use case anchored in the fast-growing RWA tokenization industry. Demand for tokens like RXS will explode as more sectors choose blockchain solutions for asset management. Moreover, its intended placements on tier-1 exchanges would probably improve its visibility and accessibility, thereby drawing more investors and raising its price. Ripple Effects of Rexas Finance (RXS) Presale Success Rexas Finance`s increasing popularity can be mainly ascribed to the success of its presale. Reflecting the trend in past stages, Stage 10 of the presale sold out earlier than predicted. The token has shown constant momentum since each phase brings a better price, inspiring investor trust. The $35.37 million gathered thus far is evidence of the market`s conviction of RXS`s long-term viability. As more XRP investors reallocate their money toward RXS, this success has had a cascading effect. Investors hoping to profit from RXS`s low entrance price and excellent growth potential will find the shift especially intriguing. These investors want to maximize returns by matching their portfolios with the token`s upward trajectory, reducing the risks connected with more seasoned, older cryptocurrencies. In conclusion, Rexas Finance (RXS) is taking the stage as crypto enthusiasts migrate away from Ripple (XRP). Only $0.175, this viral altcoin presents a unique mix of affordability, creativity, and exponential expansion possibilities. RXS has positioned itself as the token to keep an eye on in the following months with a $30 price aim and a road strategy for long-term success. For more information about Rexas Finance (RXS) visit the links below: Website: https://rexas.com Win $1 Million Giveaway: https://bit.ly/Rexas1M Whitepaper: https://rexas.com/rexas-whitepaper.pdf Twitter/X: https://x.com/rexasfinance Telegram: https://t.me/rexasfinance Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Bitzo, nor is it intended to be used as legal, tax, investment, or financial advice Finbold