Bitcoin Longs Reach All Time High on Bitfinex Exchange
Since the end of November, the number of longs on the Bitfinex exchange has almost doubled.
The increasing long interest signifies a strong bullish momentum.
But also it doesn’t have to be a positive sign, because longs could help fuel a “long squeeze” that perpetuates a massive downwards movement.
The number of longs increased by 16468 BTC and how this will affect the price in the future, we’ll see.
Also, according to https://wallet.tether.to/transparency during the last 3 months the capitalization of the USDT(stablecoin affiliated with Bitfinex) increased by $300M.
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