The magnitude of unfilled positions in futures has experienced a substantial decline. Specifically, the quantity of open positions in DOGE has plummeted from approximately $10 billion to around $2 billion within a span of approximately one month. A similar trend can be observed in various altcoins and BTC. On July 4, the price dipped below $60,000, and just five days later, investor enthusiasm reached its lowest point in a two-week period, as indicated by the long-short metric. Market makers, influential investors, and professional traders are exercising caution when it comes to engaging in high-risk leveraged positions in the upward direction. Stay up to date with the latest financial and business news by visiting COINTURK FINANCE.
