How do you view the current market situation of BTC and ETH? The position data reveals quite a few interesting insights.

Recently, within the range of 913 to 90, funds chasing short positions and those looking to open long positions on the left side are engaged in intense competition. But now, the participants in this game are gradually exiting, and the situation is becoming relatively clearer.

Most importantly, the long-short ratio is now approaching an equilibrium level. What does this mean? It indicates that the window for closing short positions is opening, and the subsequent trading space may shift toward a sideways to slightly bullish trend.

From the data, the attractiveness of holding short positions is decreasing, while opportunities for longs are gradually emerging. If this signal persists, we might see a market pattern of closing short positions and a sideways to bullish movement.