$BTC Leveraged Longs Are All 'Lying Flat', the 'Suicide Squad' Going Long on BTC on Bitfinex Hits a Six-Month Low!
Simply put, at Bitfinex, this international major exchange, those 'tough guys' who borrowed money to leverage and bet that Bitcoin would rise soon have suddenly become timid! Their 'bullish bets' have fallen to the lowest point since December last year. It feels like the most aggressive players on the field have suddenly all decided to take a break, which is a significant signal!
Case & Sentiment: Think about when the end of last year was? That was when BTC was sliding down from its peak, creating a nervous winter for everyone! At that time, long positions were low, and fear was rampant. Now that positions have returned to that low point, what does it indicate? It indicates that these seasoned leveraged players are also feeling nervous in the face of the recent 'grinding' market and are hesitant to place big bullish bets! To be honest, seeing this data, even the 'long suicide squad' has started to watch and even withdraw, which means that the short-term confidence in the market is indeed a bit cold! This atmosphere is reminiscent of the oppressive calm before a storm, sending chills down one’s spine.
Friends, this is a clear 'cautious' signal from the market! Have the big players sensed the risk and are preparing for winter? Or is it the calm before the storm, brewing the next wave of big market movements? Blindly going solo will never bring opportunities. Follow me for insights into tenfold potential coins! Top-tier resources!