---
title: "Analysis: Over the past four hours, 66% of Bitcoin traders have chosen to go long, and the long/short ratio now indicates a bullish trend."
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/270304654.md"
description: "Over the past four hours, 66% of Bitcoin traders have gone long, indicating a bullish trend. Despite a Bank of Japan interest rate hike, Bitcoin's price rose from $85,200 to $88,000, suggesting the market had anticipated the hike and investors were not eager to convert risk assets into yen. The long/short ratio reflects a bullish bias."
datetime: "2025-12-19T12:20:00.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/270304654.md)
  - [en](https://longbridge.com/en/news/270304654.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/270304654.md)
generator: "portal-rs"
---

# Analysis: Over the past four hours, 66% of Bitcoin traders have chosen to go long, and the long/short ratio now indicates a bullish trend.

A Bank of Japan (BOJ) interest rate hike is generally considered detrimental to risk assets, as it could lead to higher yen borrowing costs and trigger the unwinding of carry trades. However, following the BOJ rate hike, Bitcoin's price surged from $85,200 to $88,000 within five hours, indicating that the market had already priced in the rate hike and investors were not in a rush to convert risk assets into yen. The Bitcoin long/short ratio (the ratio of net long positions to net short positions) shows a bullish bias, with 66% of traders choosing to go long over the past four hours. (CoinDesk)

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**