The magnitude of unfilled positions in futures has notably diminished. DOGE, in particular, witnessed a significant decline from approximately $10 billion to approximately $2 billion in unfilled positions in approximately one month. This trend is also observed in several other alternative cryptocurrencies and Bitcoin (BTC). On July 4, the price dropped below $60,000, and just five days later, investor enthusiasm reached its lowest point in two weeks, as indicated by the long-short metric. Market makers, whales, and professional investors are exercising caution when it comes to high-leverage positions in the upward direction. Stay updated with the latest financial and business news by visiting COINTURK FINANCE.
