The cumulative number of long positions has been decreasing.
The number of longs on Bitfinex has been trending downwards. This doesn't mean that those positions have gone short; but, it does mean that traders who probably went long sub $7000 have been taking their capital off of the table.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.