March 4, 2024

Copy-paste | Bitcoin buy positions at February highs

Positions to buy Bitcoin on the Bitfinex platform jumped to their highest levels since February, while positionsfor sale reached a historic low.

After aggressive sales last week,Bitcoin moved to recovering from lows in the $ 6,600 area and reached the $ 7,150 area. Bulls are trying to seize the initiative from sellers, and so far they are doing pretty well.

According to Bitfinex, the bullish momentum will still strengthenin the long run, as orders for the sale of cryptocurrencies plummeted on the exchange. According to Mati Greenspan (@MatiGreenspan), yesterday the positions for the purchase of BTC / USD soared to February levels, while the number of short positions in the pair decreased and stagnates at a historic low.

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