Glassnode: This BTC Rally Differs from Late June, with Traders Leaning Towards Long Positions
Odaily Planet Daily News: Glassnode posted an analysis on the X platform, noting that after Bitcoin surged past $112,000, short sellers were once again punished. However, this time the BTC rally appears different from the rebound in late June, when open interest (OI) dropped sharply. In the latest rally, open interest has increased, indicating that traders are leaning towards long positions.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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