BITCOIN LONGS ON BITFINEX JUMP 20%, PRICES DROP BELOW 100-DAY AVERAGE
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✍️ Bitcoin's long positions on Bitfinex have surged, but this may be a bearish sign as it often precedes price declines.
👉 Bitcoin's long positions on Bitfinex have surged by 20% over the past three months 👉 Long positions often precede price declines in the bitcoin market 👉 Historical analysis shows that long positions on Bitfinex move inversely to bitcoin's price action 👉 Current surge in longs raises bearish caution
-- #Bitfinex #technology
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