SignalQuant
Current market is dominated by shorts
The bold purple line represents Bitcoin price and the thin blue line means Taker Buy&Sell CVD. The 'Taker Buy&Sell CVD' shows the trend of the difference between the volume of longs and shorts. The indicator also shows that 0 is neutral, while the green area is when longs exceeds shorts and the red area is when shorts exceeds longs. The indicator's trend(30DMA) is at its very low level, with more shorts than when the FTX crisis occurred in Nov ' 23. This means that the current market is dominated by shorts! However, the historical pattern shows that after a period of dominant market shorts, Bitcoin price either moves sideways or rebounds sharply.So if you're planning to long or buy, you may find a good opportunity from now.