Variety of merchants net-short has decreased by 28.03% from final week.
|
SYMBOL |
TRADING BIAS |
NET-LONG% |
NET-SHORT% |
CHANGE IN LONGS |
CHANGE IN SHORTS |
CHANGE IN OI |
|
BEARISH |
94.25% |
5.75% |
-9.53%
6.87% |
-33.57%
-28.03% |
-11.38%
3.97% |
Ethereum: Retail dealer knowledge reveals 94.25% of merchants are net-long with the ratio of merchants lengthy to quick at 16.38 to 1. Our knowledge reveals merchants at the moment are at their most net-long Ethereum since Dec 18 when Ethereum traded close to 132.39. The variety of merchants net-long is 9.53% decrease than yesterday and 6.87% larger from final week, whereas the variety of merchants net-short is 33.57% decrease than yesterday and 28.03% decrease from final week.
We usually take a contrarian view to crowd sentiment, and the actual fact merchants are net-long suggests Ethereum costs might proceed to fall.
Merchants are additional net-long than yesterday and final week, and the mix of present sentiment and up to date modifications provides us a stronger Ethereum-bearish contrarian buying and selling bias.
