Mixed Signals From Pro Traders
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Data from CoinGlass shows diverging positions ahead of expiry:
– Binance: Top traders cut longs, with the long-to-short ratio dropping to 1.7x before inching back to 1.9x.
– OKX: Whales added longs, pushing the ratio to 4.2x before the $108.7K drop forced them to unwind.
Stablecoin premiums and ETF inflows hint at cautious optimism despite the shakeout.