RATE Group | Bitcoin CoT report data shows shorts are still in the lead but only just
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Bitcoin CoT report data shows shorts are still in the lead but only just

06 Mar Bitcoin CoT report data shows shorts are still in the lead but only just

Posted at 23:00h in Bitcoin News by

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  • Asset manger data shows shorts are in the lead 196 vs 163.
  • The net change for asset managers showed shorts increase by 7 contracts and longs were cut by 1 contract.
  • Leveraged funds stats show shorts heavily in the lead 3,454 vs 764.
  • The change was very close at -1,057 to -1,010 in favour of shorts.

Bitcoin has pushed slightly higher on Friday but the pair (BTC/USD) is not out of the woods just yet as 9,182.08 is the resistance level that is curently holding firm.

The current price in the spot market is 9,130.00 and the price is 0.63% higher on the session. The daily chart still looks bearish and this could still be considered a retracement.

Bitcoin CoT report

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