BTC Long vs. Short Anxiety, Million-Dollar Position Openings Led by Bulls

BlockBeats News, October 22, according to HyperInsight monitoring, in the past 4 hours, the price of BTC has been oscillating narrowly between $107,500 and $108,600. The market has entered a short-term consolidation phase. During this period, a total of 11 whales have opened new positions with over $1 million in BTC. Among them, 10 whales chose to establish long positions, while only 1 whale took a short position, resulting in a long/short ratio of 10:1.

Looking at the active trading data from mainstream exchanges, the active buy/sell order ratio in the past four hours shows that the long positions accounted for 51.6%: Binance long positions accounted for 51.27%; OKX long positions accounted for 52.31%; Bybit long positions accounted for 51.82%.

BlockBeats reminds investors that the recent cryptocurrency market volatility has significantly intensified, and investors should pay attention to risk control.