You never want to see Professional Traders at all-time-high shorts and Retail Traders at all-time-high longs.
Who are you going with? Professionals or Retail?
However, I'm waiting on the new report -- this data hasn't been updated since April 23. Bitfinex FUD has occured as well as a little bit of stabilization over 5k.
Will be interesting to see how this shakes out.
Keep in mind -- There was a large short squeeze on April 1 that blew out the Institutional Traders, which were all-time-high shorts then -- they were very wrong.
Who are you going with? Professionals or Retail?
However, I'm waiting on the new report -- this data hasn't been updated since April 23. Bitfinex FUD has occured as well as a little bit of stabilization over 5k.
Will be interesting to see how this shakes out.
Keep in mind -- There was a large short squeeze on April 1 that blew out the Institutional Traders, which were all-time-high shorts then -- they were very wrong.