I'm new, but I've noticed we have reached the highest amount of LONGS in bitfinex.
Last time we had this much was at the peak of 20k. There isn't much history for longs vs shorts, but to have healthy bullish movement, i believe increasing amount of longs will be the best sign. This many longs from 6k could easily cause another hard drop as momentum slows.
Last time we had this much was at the peak of 20k. There isn't much history for longs vs shorts, but to have healthy bullish movement, i believe increasing amount of longs will be the best sign. This many longs from 6k could easily cause another hard drop as momentum slows.