Analysis: Bitcoin long/short ratio shows a bullish tendency, with 66% of traders choosing long positions in the past four hours
According to Deep Tide TechFlow, on December 19, CoinDesk reported that a rate hike by the Bank of Japan is generally considered negative for risk assets, as it may lead to higher yen borrowing costs and trigger the unwinding of arbitrage trades. However, after the Bank of Japan's rate hike, the price of bitcoin rose from $85,200 to $88,000 within five hours, indicating that the rate hike expectation had already been priced in by the market. Investors were not in a hurry to exchange risk assets for yen. The bitcoin long-short ratio (the ratio of net long accounts to net short accounts) showed a bullish tendency, with 66% of traders choosing long positions in the past four hours.
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