Stunning movement with new year in Bitcoin short positions
The short positions at Bitcoin have been remarkable since the beginning of the year. Short positions have declined significantly, while long positions have increased.
According to data from Bitstamp, the biggest crypto money is currently trading at $ 4,030. Bitcoin , who jumped over 4,000 the day before , is trying to hold on to this region. Crypto money is expected to hold in this region is curious.
There are many factors that influence the price of Bitcoin. Bitfinex , BitMEX or derivative exchanges for Bitcoin short or long (long) positions are one of them. It is suggested that the transactions carried out here are mostly effective on the price of Bitcoin.
Bitcoin short positions, since the beginning of 2019 is a remarkable way. The short positions traded at Bitfinex are in a steady decline following the peak of 34,000 BTC on 2 January. The short position, which declined to 23,100 yesterday, fell by about 25 percent since the beginning of the year. Today, some rising positions are currently watching at 23,600. This level was last seen on November 20, 2018.
Short positions, graph: TradingView
On the other hand, there is also an increase in long positions. Recent data indicate that long positions are up to 34,000 BTC. At Christmas this number was 23,000.