Fast Take
Information from Datamish reveals a Bitcoin market pattern on Bitfinex of closing lengthy positions throughout unstable durations all through 2023. The beginning of the 12 months marked the opening of roughly 100,000 BTC lengthy positions. Nonetheless, following the SVB collapse in March, roughly 12,000 BTC longs have been closed.
Not too long ago, an analogous variety of Bitcoin longs closed within the wake of considerable progress seen in October and November. This leaves roughly 80,000 BTC in longs on Bitfinex. The swift closure of longs put up substantial progress is indicative of buyers opting to lock in positive factors amid rising Bitcoin costs.
Conversely, quick positions have remained comparatively subdued all year long, with lower than 1,000 BTC. This muted exercise in shorts presents a transparent market sentiment leaning in direction of bullish prospects regardless of the fluctuations and uncertainties the market has endured.
The put up Bitfinex data shows investor trend to cash out on Bitcoin amidst market highs appeared first on CryptoSlate.
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