Bitcoin Whales Open Massive Longs At $69,000: All Ahead From Here?

Bitcoin Whales Open Massive Longs At $69,000: All Ahead From Here?


Data shows the Bitcoin whales on cryptocurrency exchanges Bybit and HTX have opened massive long positions at the current price levels.

Bitcoin Taker Buy Sell Ratio Has Spiked For Bybit and HTX Recently

In a new post on X, CryptoQuant founder and CEO Ki Young Ju has revealed that the whales on the HTX platform have opened large long positions recently. The indicator of relevance here is the “Taker Buy Sell Ratio,” which keeps track of the ratio between the Bitcoin taker buy and taker sell volumes.

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When the value of this metric is greater than 1, it means the taker buy or long volume is greater than the taker sell or short volume right now. Such a trend implies the derivatives market currently shares

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