{"id":649230,"date":"2024-10-22T22:30:52","date_gmt":"2024-10-22T22:30:52","guid":{"rendered":"https:\/\/wncen.com\/?p=649230"},"modified":"2024-10-22T14:21:54","modified_gmt":"2024-10-22T14:21:54","slug":"53-of-binance-traders-are-shorting-bitcoin-what-does-this-mean-for-price-action","status":"publish","type":"post","link":"https:\/\/wncen.com\/bitcoin-news\/53-of-binance-traders-are-shorting-bitcoin-what-does-this-mean-for-price-action\/","title":{"rendered":"53% Of Binance Traders Are Shorting Bitcoin \u2013 What Does This Mean For Price Action?"},"content":{"rendered":"

After several weeks of sustained upward momentum, Bitcoin is currently holding above $66,000. The price has recently encountered resistance at the crucial $69,000 level, which is expected to take time and significant liquidity to overcome.\u00a0<\/span><\/p>\n

Key data from Binance reveals that more than half of futures traders have shorted BTC in the past few hours, creating a divisive environment for price action.<\/span><\/p>\n

Related Reading: Ethereum Upside Target Around $2,800 As Price Tests Key Resistance<\/a><\/div>\n

The futures market often serves as a barometer for momentum and liquidity, signaling potential shifts in Bitcoin\u2019s price movement. As BTC consolidates<\/a> just below the $69,000 resistance, maintaining support above $66,000, the coming days will be pivotal.<\/span><\/p>\n

Investors and analysts are closely watching to determine whether Bitcoin will break through to new all-time highs or if the accumulation period will continue. The outcome could set the tone for the next phase of the market.<\/span><\/p>\n

Bitcoin Future Traders Remain Bearish (For Now)<\/span><\/h2>\n

Bitcoin is currently in a consolidation phase after weeks of impressive price appreciation. Despite this pause, analysts and investors remain optimistic about Bitcoin\u2019s price trajectory in the coming weeks, with many believing that BTC will begin a massive rally once it breaks its all-time highs. However, this breakout may take some time, as key data from Binance indicates bearish sentiment among futures traders.<\/span><\/p>\n

Top analyst and investor Ali Martinez shared the 4-hour long-short ratio on Binance<\/a>, revealing that 53.71% of futures traders are shorting BTC. This bearish positioning suggests indecision in the market, as traders remain uncertain when Bitcoin will surpass the critical $69,000 level. The ongoing shorting trend could be a temporary barrier to Bitcoin\u2019s momentum.<\/span><\/p>\n

\"53.71%
53.71% of Bitcoin futures traders are shorting BTC | Source: Ali Martinez on X<\/a><\/figcaption><\/figure>\n

However, the outlook could shift quickly, as spot investors might take advantage of the current dip and start buying Bitcoin. Increased spot buying could provide the liquidity needed to push BTC higher, reversing the bearish sentiment in the futures market.<\/span><\/p>\n

Related Reading: Solana Could \u2018Go Parabolic\u2019 Starting Today \u2013 Analyst Sets $370 Target<\/a><\/div>\n

If buying pressure intensifies, Bitcoin could soon challenge and break through the $69,000 resistance, potentially paving the way for a new all-time high. In the short term, investors are closely watching to see whether Bitcoin will consolidate further or gain enough momentum to continue its upward trend.<\/span><\/p>\n

BTC Testing Key Liquidity Levels\u00a0<\/span><\/h2>\n

Bitcoin is trading at $66,800 after facing a rejection from the $69,000 supply level. Despite the pullback, BTC remains strong, holding above the $66,000 mark. This price level is critical, as it will likely determine Bitcoin’s direction in the coming days.\u00a0<\/span><\/p>\n

\"BTC
BTC holding above $66K | Source: BTCUSDT chart on TradingView<\/a><\/figcaption><\/figure>\n

Should BTC fail to hold above $66,000, the price could seek liquidity at lower levels, with $64,000 as the next target. This level coincides with the 4-hour 200 moving average (MA) and exponential moving average (EMA), making it a key interest for buyers and sellers.<\/span><\/p>\n

On the other hand, if Bitcoin maintains its position above $66,000, the next likely move will be a renewed challenge of the $69,000 resistance or potentially a push toward $70,000.\u00a0<\/span><\/p>\n

Related Reading: Dogecoin Breaks Above $0.12 Level \u2013 Time For DOGE To Catch Up?<\/a><\/div>\n

The coming days will be crucial in deciding whether BTC will resume its upward momentum or face further consolidation around these key levels. Traders and investors are closely watching to see how Bitcoin reacts at the $66,000 support, which could set the stage for the next big move.<\/span><\/p>\n

Featured image from Dall-E, chart from TradingView<\/span><\/i><\/p>\n","protected":false},"excerpt":{"rendered":"

After several weeks of sustained upward momentum, Bitcoin is currently holding above $66,000. The price has recently encountered resistance at the crucial $69,000 level, which is expected to take time and significant liquidity to overcome.\u00a0 Key data from Binance reveals that more than half of futures traders have shorted BTC in the past few hours, creating a divisive environment for price action. Related Reading: Ethereum Upside Target Around $2,800 As Price Tests Key Resistance The futures market often serves as a barometer for momentum and liquidity, signaling potential shifts in Bitcoin\u2019s price movement. As BTC consolidates just below the $69,000 resistance, maintaining support above $66,000, the coming days will be pivotal. Investors and analysts are closely watching to determine whether Bitcoin will break through to new all-time highs or if the accumulation period will continue. The outcome could set the tone for the next phase of the market. Bitcoin Future Traders Remain Bearish (For Now) Bitcoin is currently in a consolidation phase after weeks of impressive price appreciation. Despite this pause, analysts and investors remain optimistic about Bitcoin\u2019s price trajectory in the coming weeks, with many believing that BTC will begin a massive rally once it breaks its all-time highs. However, this breakout may take some time, as key data from Binance indicates bearish sentiment among futures traders. Top analyst and investor Ali Martinez shared the 4-hour long-short ratio on Binance, revealing that 53.71% of futures traders are shorting BTC. This bearish positioning suggests indecision in the market, as traders remain uncertain when Bitcoin will surpass the critical $69,000 level. The ongoing shorting trend could be a temporary barrier to Bitcoin\u2019s momentum. However, the outlook could shift quickly, as spot investors might take advantage of the current dip and start buying Bitcoin. Increased spot buying could provide the liquidity needed to push BTC higher, reversing the bearish sentiment in the futures market. Related Reading: Solana Could \u2018Go Parabolic\u2019 Starting Today \u2013 Analyst Sets $370 Target If buying pressure intensifies, Bitcoin could soon challenge and break through the $69,000 resistance, potentially paving the way for a new all-time high. In the short term, investors are closely watching to see whether Bitcoin will consolidate further or gain enough momentum to continue its upward trend. BTC Testing Key Liquidity Levels\u00a0 Bitcoin is trading at $66,800 after facing a rejection from the $69,000 supply level. Despite the pullback, BTC remains strong, holding above the $66,000 mark. This price level is critical, as it will likely determine Bitcoin’s direction in the coming days.\u00a0 Should BTC fail to hold above $66,000, the price could seek liquidity at lower levels, with $64,000 as the next target. This level coincides with the 4-hour 200 moving average (MA) and exponential moving average (EMA), making it a key interest for buyers and sellers. On the other hand, if Bitcoin maintains its position above $66,000, the next likely move will be a renewed challenge of the $69,000 resistance or potentially a push toward $70,000.\u00a0 Related Reading: Dogecoin Breaks Above $0.12 Level \u2013 Time For DOGE To Catch Up? The coming days will be crucial in deciding whether BTC will resume its upward momentum or face further consolidation around these key levels. Traders and investors are closely watching to see how Bitcoin reacts at the $66,000 support, which could set the stage for the next big move. Featured image from Dall-E, chart from TradingView<\/p>\n","protected":false},"author":617,"featured_media":649231,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[88240],"tags":[428,84297,569,656,679,680,85577,1119,78790],"class_list":["post-649230","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin-news","tag-bitcoin","tag-bitcoin-ath","tag-bitcoin-futures","tag-bitcoin-news","tag-bitcoin-price","tag-bitcoin-price-analysis","tag-bitcoin-traders","tag-btc","tag-btcusdt"],"acf":[],"yoast_head":"\n53% Of Binance Traders Are Shorting Bitcoin \u2013 What Does This Mean For Price Action?<\/title>\n<meta name=\"description\" content=\"Bitcoin faces correction risk after failing to break $69,000 resistance. Analyst warns of potential pullback to $64,000.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wncen.com\/bitcoin-news\/53-of-binance-traders-are-shorting-bitcoin-what-does-this-mean-for-price-action\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"53% Of Binance Traders Are Shorting Bitcoin \u2013 What Does This Mean For Price Action?\" \/>\n<meta property=\"og:description\" content=\"Bitcoin faces correction risk after failing to break $69,000 resistance. Analyst warns of potential pullback to $64,000.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wncen.com\/bitcoin-news\/53-of-binance-traders-are-shorting-bitcoin-what-does-this-mean-for-price-action\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2024-10-22T22:30:52+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-10-22T14:21:54+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/10\/Untitled-design-91.jpg?fit=1792%2C1024\" \/>\n\t<meta property=\"og:image:width\" content=\"1792\" \/>\n\t<meta property=\"og:image:height\" content=\"1024\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Sebastian Villafuerte\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@thesebasv\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Sebastian Villafuerte\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/wncen.com\/bitcoin-news\/53-of-binance-traders-are-shorting-bitcoin-what-does-this-mean-for-price-action\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/bitcoin-news\/53-of-binance-traders-are-shorting-bitcoin-what-does-this-mean-for-price-action\/\"},\"author\":{\"name\":\"Sebastian Villafuerte\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/c9ad24a229e3e072edeec17d47ba2e36\"},\"headline\":\"53% Of Binance Traders Are Shorting Bitcoin \u2013 What Does This Mean For Price Action?\",\"datePublished\":\"2024-10-22T22:30:52+00:00\",\"dateModified\":\"2024-10-22T14:21:54+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/wncen.com\/bitcoin-news\/53-of-binance-traders-are-shorting-bitcoin-what-does-this-mean-for-price-action\/\"},\"wordCount\":592,\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/bitcoin-news\/53-of-binance-traders-are-shorting-bitcoin-what-does-this-mean-for-price-action\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/10\/Untitled-design-91.jpg?fit=1792%2C1024\",\"keywords\":[\"bitcoin\",\"Bitcoin ATH\",\"bitcoin futures\",\"Bitcoin news\",\"bitcoin price\",\"Bitcoin price analysis\",\"Bitcoin traders\",\"btc\",\"BTCUSDT\"],\"articleSection\":[\"Bitcoin News\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2024\",\"copyrightHolder\":{\"@id\":\"https:\/\/wncen.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/wncen.com\/bitcoin-news\/53-of-binance-traders-are-shorting-bitcoin-what-does-this-mean-for-price-action\/\",\"url\":\"https:\/\/wncen.com\/bitcoin-news\/53-of-binance-traders-are-shorting-bitcoin-what-does-this-mean-for-price-action\/\",\"name\":\"53% Of Binance Traders Are Shorting Bitcoin \u2013 What Does This Mean For Price Action?\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/wncen.com\/bitcoin-news\/53-of-binance-traders-are-shorting-bitcoin-what-does-this-mean-for-price-action\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/bitcoin-news\/53-of-binance-traders-are-shorting-bitcoin-what-does-this-mean-for-price-action\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/10\/Untitled-design-91.jpg?fit=1792%2C1024\",\"datePublished\":\"2024-10-22T22:30:52+00:00\",\"dateModified\":\"2024-10-22T14:21:54+00:00\",\"description\":\"Bitcoin faces correction risk after failing to break $69,000 resistance. Analyst warns of potential pullback to $64,000.\",\"breadcrumb\":{\"@id\":\"https:\/\/wncen.com\/bitcoin-news\/53-of-binance-traders-are-shorting-bitcoin-what-does-this-mean-for-price-action\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/wncen.com\/bitcoin-news\/53-of-binance-traders-are-shorting-bitcoin-what-does-this-mean-for-price-action\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/bitcoin-news\/53-of-binance-traders-are-shorting-bitcoin-what-does-this-mean-for-price-action\/#primaryimage\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/10\/Untitled-design-91.jpg?fit=1792%2C1024\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/10\/Untitled-design-91.jpg?fit=1792%2C1024\",\"width\":1792,\"height\":1024,\"caption\":\"53% Of Binance Traders Are Shorting Bitcoin \u2013 What Does This Mean For Price Action?\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/wncen.com\/bitcoin-news\/53-of-binance-traders-are-shorting-bitcoin-what-does-this-mean-for-price-action\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/wncen.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"53% Of Binance Traders Are Shorting Bitcoin \u2013 What Does This Mean For Price Action?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/wncen.com\/#website\",\"url\":\"https:\/\/wncen.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin & Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/wncen.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/wncen.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/wncen.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/c9ad24a229e3e072edeec17d47ba2e36\",\"name\":\"Sebastian Villafuerte\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/ab4bfb49f416a651966cf54fe981d3ef?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/ab4bfb49f416a651966cf54fe981d3ef?s=96&d=mm&r=g\",\"caption\":\"Sebastian Villafuerte\"},\"description\":\"Sebastian's journey into the world of crypto began four years ago, driven by a fascination with the potential of blockchain technology to revolutionize financial systems. His initial exploration focused on understanding the intricacies of various crypto projects, particularly those focused on building innovative financial solutions. Through countless hours of research and learning, Sebastian developed a deep understanding of the underlying technologies, market dynamics, and potential applications of cryptocurrencies. To share his insights with others, Sebastian became an active contributor to online discussions on platforms like X and LinkedIn. His focus on fintech and crypto-related topics quickly established him as a trusted voice in the online crypto community. Sebastian's goal was to educate and inform his audience about the latest trends and insights in the rapidly evolving crypto landscape. To further enhance his expertise, Sebastian pursued a UC Berkeley Fintech: Frameworks, Applications, and Strategies certification. This rigorous program equipped him with valuable skills and knowledge regarding Financial Technology, bridging the gap between traditional finance and decentralized finance. The certification deepened his understanding of the broader financial landscape and its intersection with blockchain technology. Sebastian's passion for finance and writing is evident in his work. He enjoys delving into financial research, analyzing market trends, and exploring the latest developments in the crypto space. In his spare time, Sebastian can often be found immersed in charts, studying 10-K reports, or engaging in thought-provoking discussions about the future of finance. Sebastian's journey as a crypto pioneer has been marked by a relentless pursuit of knowledge and a dedication to sharing his insights. His ability to navigate the complex world of crypto, combined with his passion for financial research and communication, makes him a valuable contributor to the industry. As the crypto landscape continues to evolve, Sebastian remains at the forefront, providing valuable insights and helping to shape the future of this revolutionary technology.\",\"sameAs\":[\"https:\/\/x.com\/thesebasv\"],\"url\":\"https:\/\/wncen.com\/author\/sebastianvr\/\"}]}<\/script>\n","yoast_head_json":{"title":"53% Of Binance Traders Are Shorting Bitcoin \u2013 What Does This Mean For Price Action?","description":"Bitcoin faces correction risk after failing to break $69,000 resistance. Analyst warns of potential pullback to $64,000.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/wncen.com\/bitcoin-news\/53-of-binance-traders-are-shorting-bitcoin-what-does-this-mean-for-price-action\/","og_locale":"en_US","og_type":"article","og_title":"53% Of Binance Traders Are Shorting Bitcoin \u2013 What Does This Mean For Price Action?","og_description":"Bitcoin faces correction risk after failing to break $69,000 resistance. Analyst warns of potential pullback to $64,000.","og_url":"https:\/\/wncen.com\/bitcoin-news\/53-of-binance-traders-are-shorting-bitcoin-what-does-this-mean-for-price-action\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2024-10-22T22:30:52+00:00","article_modified_time":"2024-10-22T14:21:54+00:00","og_image":[{"width":1792,"height":1024,"url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/10\/Untitled-design-91.jpg?fit=1792%2C1024","type":"image\/jpeg"}],"author":"Sebastian Villafuerte","twitter_card":"summary_large_image","twitter_creator":"@thesebasv","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Sebastian Villafuerte","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/wncen.com\/bitcoin-news\/53-of-binance-traders-are-shorting-bitcoin-what-does-this-mean-for-price-action\/#article","isPartOf":{"@id":"https:\/\/wncen.com\/bitcoin-news\/53-of-binance-traders-are-shorting-bitcoin-what-does-this-mean-for-price-action\/"},"author":{"name":"Sebastian Villafuerte","@id":"https:\/\/wncen.com\/#\/schema\/person\/c9ad24a229e3e072edeec17d47ba2e36"},"headline":"53% Of Binance Traders Are Shorting Bitcoin \u2013 What Does This Mean For Price Action?","datePublished":"2024-10-22T22:30:52+00:00","dateModified":"2024-10-22T14:21:54+00:00","mainEntityOfPage":{"@id":"https:\/\/wncen.com\/bitcoin-news\/53-of-binance-traders-are-shorting-bitcoin-what-does-this-mean-for-price-action\/"},"wordCount":592,"publisher":{"@id":"https:\/\/wncen.com\/#organization"},"image":{"@id":"https:\/\/wncen.com\/bitcoin-news\/53-of-binance-traders-are-shorting-bitcoin-what-does-this-mean-for-price-action\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/10\/Untitled-design-91.jpg?fit=1792%2C1024","keywords":["bitcoin","Bitcoin ATH","bitcoin futures","Bitcoin news","bitcoin price","Bitcoin price analysis","Bitcoin traders","btc","BTCUSDT"],"articleSection":["Bitcoin News"],"inLanguage":"en-US","copyrightYear":"2024","copyrightHolder":{"@id":"https:\/\/wncen.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/wncen.com\/bitcoin-news\/53-of-binance-traders-are-shorting-bitcoin-what-does-this-mean-for-price-action\/","url":"https:\/\/wncen.com\/bitcoin-news\/53-of-binance-traders-are-shorting-bitcoin-what-does-this-mean-for-price-action\/","name":"53% Of Binance Traders Are Shorting Bitcoin \u2013 What Does This Mean For Price Action?","isPartOf":{"@id":"https:\/\/wncen.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/wncen.com\/bitcoin-news\/53-of-binance-traders-are-shorting-bitcoin-what-does-this-mean-for-price-action\/#primaryimage"},"image":{"@id":"https:\/\/wncen.com\/bitcoin-news\/53-of-binance-traders-are-shorting-bitcoin-what-does-this-mean-for-price-action\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/10\/Untitled-design-91.jpg?fit=1792%2C1024","datePublished":"2024-10-22T22:30:52+00:00","dateModified":"2024-10-22T14:21:54+00:00","description":"Bitcoin faces correction risk after failing to break $69,000 resistance. Analyst warns of potential pullback to $64,000.","breadcrumb":{"@id":"https:\/\/wncen.com\/bitcoin-news\/53-of-binance-traders-are-shorting-bitcoin-what-does-this-mean-for-price-action\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/wncen.com\/bitcoin-news\/53-of-binance-traders-are-shorting-bitcoin-what-does-this-mean-for-price-action\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/bitcoin-news\/53-of-binance-traders-are-shorting-bitcoin-what-does-this-mean-for-price-action\/#primaryimage","url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/10\/Untitled-design-91.jpg?fit=1792%2C1024","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/10\/Untitled-design-91.jpg?fit=1792%2C1024","width":1792,"height":1024,"caption":"53% Of Binance Traders Are Shorting Bitcoin \u2013 What Does This Mean For Price Action?"},{"@type":"BreadcrumbList","@id":"https:\/\/wncen.com\/bitcoin-news\/53-of-binance-traders-are-shorting-bitcoin-what-does-this-mean-for-price-action\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/wncen.com\/"},{"@type":"ListItem","position":2,"name":"53% Of Binance Traders Are Shorting Bitcoin \u2013 What Does This Mean For Price Action?"}]},{"@type":"WebSite","@id":"https:\/\/wncen.com\/#website","url":"https:\/\/wncen.com\/","name":"NewsBTC","description":"Bitcoin & Cryptocurrency News Today","publisher":{"@id":"https:\/\/wncen.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/wncen.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/wncen.com\/#organization","name":"NewsBTC","url":"https:\/\/wncen.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/logo\/image\/","url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/wncen.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/wncen.com\/#\/schema\/person\/c9ad24a229e3e072edeec17d47ba2e36","name":"Sebastian Villafuerte","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/ab4bfb49f416a651966cf54fe981d3ef?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/ab4bfb49f416a651966cf54fe981d3ef?s=96&d=mm&r=g","caption":"Sebastian Villafuerte"},"description":"Sebastian's journey into the world of crypto began four years ago, driven by a fascination with the potential of blockchain technology to revolutionize financial systems. His initial exploration focused on understanding the intricacies of various crypto projects, particularly those focused on building innovative financial solutions. Through countless hours of research and learning, Sebastian developed a deep understanding of the underlying technologies, market dynamics, and potential applications of cryptocurrencies. To share his insights with others, Sebastian became an active contributor to online discussions on platforms like X and LinkedIn. His focus on fintech and crypto-related topics quickly established him as a trusted voice in the online crypto community. Sebastian's goal was to educate and inform his audience about the latest trends and insights in the rapidly evolving crypto landscape. To further enhance his expertise, Sebastian pursued a UC Berkeley Fintech: Frameworks, Applications, and Strategies certification. This rigorous program equipped him with valuable skills and knowledge regarding Financial Technology, bridging the gap between traditional finance and decentralized finance. The certification deepened his understanding of the broader financial landscape and its intersection with blockchain technology. Sebastian's passion for finance and writing is evident in his work. He enjoys delving into financial research, analyzing market trends, and exploring the latest developments in the crypto space. In his spare time, Sebastian can often be found immersed in charts, studying 10-K reports, or engaging in thought-provoking discussions about the future of finance. Sebastian's journey as a crypto pioneer has been marked by a relentless pursuit of knowledge and a dedication to sharing his insights. His ability to navigate the complex world of crypto, combined with his passion for financial research and communication, makes him a valuable contributor to the industry. As the crypto landscape continues to evolve, Sebastian remains at the forefront, providing valuable insights and helping to shape the future of this revolutionary technology.","sameAs":["https:\/\/x.com\/thesebasv"],"url":"https:\/\/wncen.com\/author\/sebastianvr\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"53% Of Binance Traders Are Shorting Bitcoin \u2013 What Does This Mean For Price Action?","url":"http:\/\/wncen.com\/bitcoin-news\/53-of-binance-traders-are-shorting-bitcoin-what-does-this-mean-for-price-action\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/bitcoin-news\/53-of-binance-traders-are-shorting-bitcoin-what-does-this-mean-for-price-action\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/10\/Untitled-design-91.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/10\/Untitled-design-91.jpg?fit=1792%2C1024"},"articleSection":"Bitcoin News","author":[{"@type":"Person","name":"Sebastian Villafuerte"}],"creator":["Sebastian Villafuerte"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","bitcoin ath","bitcoin futures","bitcoin news","bitcoin price","bitcoin price analysis","bitcoin traders","btc","btcusdt"],"dateCreated":"2024-10-22T22:30:52Z","datePublished":"2024-10-22T22:30:52Z","dateModified":"2024-10-22T22:30:52Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"53% Of Binance Traders Are Shorting Bitcoin \\u2013 What Does This Mean For Price Action?\",\"url\":\"http:\\\/\\\/wncen.com\\\/bitcoin-news\\\/53-of-binance-traders-are-shorting-bitcoin-what-does-this-mean-for-price-action\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/bitcoin-news\\\/53-of-binance-traders-are-shorting-bitcoin-what-does-this-mean-for-price-action\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/10\\\/Untitled-design-91.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/10\\\/Untitled-design-91.jpg?fit=1792%2C1024\"},\"articleSection\":\"Bitcoin News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Sebastian Villafuerte\"}],\"creator\":[\"Sebastian Villafuerte\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"bitcoin ath\",\"bitcoin futures\",\"bitcoin news\",\"bitcoin price\",\"bitcoin price analysis\",\"bitcoin traders\",\"btc\",\"btcusdt\"],\"dateCreated\":\"2024-10-22T22:30:52Z\",\"datePublished\":\"2024-10-22T22:30:52Z\",\"dateModified\":\"2024-10-22T22:30:52Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/10\/Untitled-design-91.jpg?fit=1792%2C1024","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/649230"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/617"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=649230"}],"version-history":[{"count":2,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/649230\/revisions"}],"predecessor-version":[{"id":649312,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/649230\/revisions\/649312"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/649231"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=649230"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=649230"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=649230"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}