#Binance users are bullish on BTC.#

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Overview

According to the latest data from on-chain analyst Ali, 61.28% of all traders holding open BTC positions on Binance are betting on a rise in Bitcoin. This indicates that Binance users have a strong bullish sentiment towards BTC, and the market generally expects Bitcoin prices to continue rising.

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Analysis

According to on-chain analyst Ali's post on X, 61.28% of all traders holding open BTC positions on Binance are betting on a rise in Bitcoin. This data suggests that Binance users are bullish on BTC, believing its price will increase. While there is no further analysis on the specific reasons behind this phenomenon, it can be speculated that this is due to the recent market sentiment recovery and some positive factors surrounding Bitcoin, such as the upcoming halving, leading to Binance users' bullish expectations for BTC.

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Binance users are bullish on BTC

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61.28% of Binance users are betting on BTC to rise

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Binance users have a high bullish sentiment towards BTC

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BTC bullish sentiment dominates among Binance users

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