Bitcoin Alcista Bitfinex bets, one of the longest -lasting cryptographic exchanges, have increased significantly in recent weeks, presenting bearish quotas for the BTC price that has fallen below the critical support of the mobile average.
TrainingView data show that BTC/USD Long positions in Bitfinex have increased by 20% in the last three months, reaching 52,774 margin trade positions. These lengths represent positions that use funds provided to buy Bitcoin, amplifying both potential gains and risks.
In general, an increase in long positions implies a strong purchase pressure and a feeling of the upward market. However, the Bitcoin market has historically shown a paradox in which the increases in the long -signed long positions precede prices. This phenomenon is attributed to the trend of merchants to judge market trends, leading to forced liquidations or discretionary sale that proclaimed prices in the opposite direction.
Historical analysis reveals that BTC/USD yearns in Bitfinex frequently moves inversely to Bitcoin’s price action. For example, past manifestations in BTC have coincided with decreases in the long bitfinex, while price drops have arrived next to long long ones. This contradictory pattern marks these long positions as an opposite indicator instead of a direct upward signal.
The current increase in the lengths, therefore, increases bass precaution. In the press hour, the price of Bitcoin briefly fell below its simple mobile average of 100 days of $ 113,283, a key technical level whose rape often indicates the potential even more the impulse down.
This dynamic underlines a complex interaction: although the length of leverage indicate optimism, they also establish painful liquidations if the market is invested, which could intensify volatility and decrease in price.
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