Bitcoin’s recent price action has drawn renewed attention as the asset attempts to rebound from last week’s decline. Following its July peak above $123,000, BTC experienced a downturn, hitting lows around $112,000 over the weekend.
The balance between long and short positions is showing a distinct bias toward the long side, a pattern historically associated with short-term reversals.
The analyst added that Binance, given its dominant share in trading volume, provides valuable insight into broader trader behavior. When the long position concentration grows during price increases, it may indicate a potential round of profit-taking.
“Lower leverage suggests less speculative behavior in the short term,” Arab Chain noted, “which often contributes to more stable price action.”
Featured image created with DALL-E, Chart from TradingView
