"Trader sentiment" refers to the emotions and opinions of traders or investors in the financial markets. It represents their overall outlook or attitude towards the market and can influence their decision making, buying, or selling activities.
Full definition
The percentages do not illuminate this behind the scenes information, and as a result of that, broker -
based trader sentiment numbers are almost completely worthless to you.
You can find more information such as current and historical data, charts, technical analysis, overviews, and
trader sentiment by visiting the section tabs on this page.
The data will help traders gauge the direction of the market even if it does not contribute to aggregate
overall trader sentiment like the way SpotOption does with its platform.
Petar Zivkovski, director of operations at Whaleclub, told CoinDesk about
how trader sentiment changed after bitcoin's sharp rise pushed it above $ 440 on 20th April.
Earlier this month,
trader sentiment encountered headwinds when bitcoin's sharp price volatility motivated the People's Bank of China (PBoC) to intervene and meet with major Chinese exchanges BTCC, Huobi and OKCoin.
The robust nature
of trader sentiment is illustrated by Whaleclub data, which shows that the market was an average of 84 % long in the seven days between 28th January and 3rd February.
Petar Zivkovski, COO of leveraged bitcoin trading platform Whaleclub, also stressed how PBoC intervention
affected trader sentiment.
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