Top traders flip from 94% short to 80% long in 24 hours
- —24-hour cohort: $962 million long vs $247 million short, up from 94% short
- —7-day cohort still 83% short with about $90 million in unrealized losses
- —30-day cohort 83% short, swinging from $6 million profit to $76 million loss
- —BTC in 24-hour cohort: 79% long ($292 million) vs $79 million short
Why it matters: The flip tracks a one-day rebound in BTC, ETH and ZEC, but weekly and monthly cohorts stay short, leaving the durability of the move in question.
Source: TokenPost