Data from Glassnode has revealed how the large Bitcoin traders showed expert timing in the derivatives market during the market reversal.

Bitcoin Large Traders Have Shifted To A Net Short Bias

In a new post on X, on-chain analytics firm Glassnode has talked about how the large Bitcoin traders behaved during the latest pullback in the cryptocurrency’s price.

Below is the chart shared by Glassnode that shows the trend in the BTC Long/Short Bias , a metric tracking the difference between long and short positions opened by the large investors on derivatives exchanges, over the past couple of months.

From the graph, it’s visible that the Long/Short Bias has mostly been at a slight negative level for Bitcoin during the last few weeks, indicating that the large traders have just leaned to

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