Bitcoin margin and futures show unwillingness to short BTC near $28,000.
Despite regulatory pressure and worsening macroeconomic conditions, Bitcoin demonstrated bullishness holding near $28,000 for the past week. Furthermore, professional traders have maintained leveraged long positions on margin and in futures markets, indicating strength.
Regarding the banking crisis, Georgieva advised central banks to keep raising interest rates, adding,"concerns remain about vulnerabilities that may be hidden, not just at banks but also non-banks — now is not the time for complacency."concerns about the impact of financial stress on the economy.
The top traders' long-to-short net ratio excludes externalities that might have solely impacted the margin markets. Analysts can better understand whether professional traders are leaning bullish or bearish by aggregating the positions on the spot, perpetual and quarterly futures contracts.
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