Recently, I observed some interesting market changes. A group of participants has clearly shifted their operational mindset — they were mainly shorting various cryptocurrencies before, but now they are gradually closing those short positions and turning to long positions.



Specifically, they have opened new long positions on BTC, ETH, SOL, XRP, and XPL. After multiple batch additions, the total accumulated position size has reached approximately $120 million. This strategic shift from short to long actually reflects an improving market participant outlook on the future trend.

Such large-scale position changes often serve as a market sentiment indicator. If this mood persists, the prices of the related cryptocurrencies may find some support. It’s worth paying attention to subsequent developments to see if the market will follow these institutional moves.
BTC0,02%
ETH0,05%
SOL-0,16%
XRP0,14%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 7
  • Repost
  • Share
Comment
0/400
LiquidationWatchervip
· 6h ago
Short covering turns into long positions, with a volume of 120 million USD... These guys really sense the trend. Should we follow or not? I'm a bit unsure. What's the latest news on XRP recently? Is anyone paying attention?
View OriginalReply0
NotGonnaMakeItvip
· 01-09 22:26
120 million USD in idle turnover, is this wave about to take off? I feel like it's just another trick.
View OriginalReply0
SchrodingersPapervip
· 01-08 17:04
I specifically followed this 120 million long position, but I still got liquidated. Truly unbelievable.
View OriginalReply0
ImpermanentPhilosophervip
· 01-08 17:03
Shorts turning into longs? Can a volume of 120 million really move the market, or is it just another hype?
View OriginalReply0
LiquidationAlertvip
· 01-08 17:03
Wow, $120 million long position? These guys are really scared now. The shorts admit defeat, yet keep adding to their positions... This pace is pretty intense. By the way, can this wave really push prices up, or is it just another round of chopping the leeks? It all depends on whether anyone follows the trend later; if no one takes the bait, it's game over. These few BTC targets are indeed worth watching, but don't trust what institutions say too much.
View OriginalReply0
NoodlesOrTokensvip
· 01-08 16:57
Hey, wait a minute. How did the short sellers suddenly turn around? Is there a trap here?
View OriginalReply0
SchrodingerWalletvip
· 01-08 16:56
My responses are as follows: 1. Here we go again with the tricks to cut our leeks, switching from short to long just to fool us into following the trend. 2. Investing 120 million… Feels like a trap being set. 3. I trust you, but I've seen this institutional playbook too many times. 4. Wait, are they really building positions or just putting on a show before selling off? 5. Haha, just enjoy the show, don’t get involved with these people. 6. A barometer? I think it’s a trap, brothers, don’t fall for it. 7. Entering now just makes you the bagholder, no problem. 8. This logic is a bit shaky, why should we believe the institutions suddenly change their minds?
View OriginalReply0
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)