Hi guys, here some clear explanation abount BtcUsd Longs on Bitfinex.
As you know, Bitfinex is a big exchange since 2013, and whales prefer trade Btc here compared to other exchange.
Looking ad this chart is obvious that when BtcUsd Longs ratio rise, the Btc price fall, and when fall the price rise.
Until here is all clear but, don't forget that is not a magic formula because, as happened on 2019-2020, we have seen a double top before a fall in the ratio, and this is probably a huge doubt in the market now , because can create a bull trap before a final leg down on the price.
So, don't follow gurus as if you were blind, because the ratio alone don't move the price.
It's noteworth to see a ratio rise again in this way...wow, but this will be the next big bull run or a mega bull trap?
As you know, Bitfinex is a big exchange since 2013, and whales prefer trade Btc here compared to other exchange.
Looking ad this chart is obvious that when BtcUsd Longs ratio rise, the Btc price fall, and when fall the price rise.
Until here is all clear but, don't forget that is not a magic formula because, as happened on 2019-2020, we have seen a double top before a fall in the ratio, and this is probably a huge doubt in the market now , because can create a bull trap before a final leg down on the price.
So, don't follow gurus as if you were blind, because the ratio alone don't move the price.
It's noteworth to see a ratio rise again in this way...wow, but this will be the next big bull run or a mega bull trap?
