Top traders cut shorts 37% to $18.96B, but 86% of positions stay short
- —24-hour group holds $18.96B in shorts versus $2.99B in longs, 86% short
- —Seven-day and 30-day groups remain 88% and 91% short for a third straight reading
- —Bitcoin shows 105 long and 104 short accounts, but shorts hold 91% of the money at $6.13B
- —Ether shorts fell from 96% to 83%; XRP remains 95% short by value
Why it matters: Smaller shorts and a swing to profit may ease pressure on BTC and ETH, but the heavy short tilt keeps the risk of a sharp squeeze higher.
Source: TokenPost