Top traders flip to longs in 24 hours as long share jumps from 12% to 74%
- —24-hour cohort longs rose from $341 million to $942 million; shorts fell from $2.39 billion to $335 million
- —BTC in the 24-hour cohort: 151 long accounts versus 53 short, a long share of 82%
- —The 7-day cohort is 90% short and the 30-day cohort 91% short, little changed
- —Over the same span BTC rose 1.5%, ETH 1.8%, ZEC 6.0% and HYPE 4.6%
Why it matters: The long flip among active traders signals a shift in sentiment, but persistent shorts in the 7- and 30-day cohorts suggest the rebound may be fragile.
Source: TokenPost