Bitcoin's Morning Rally Sees $2 Billion Increase in Long Positions
BlockBeats News, December 29th, CryptoQuant analyst @Darkfost_Coc stated that during this morning's Bitcoin surge, the total network contract holdings increased by $2 billion.
@Darkfost_Coc said that in such situations, price fluctuations tend to be short-lived. Leveraged positions are often temporary, which typically hinders the market from forming a healthy bottom, thus not conducive to a sustainable bullish reversal.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Middle Eastern stock markets open with mixed performance
Mysten Labs CEO: The bear market is not something to celebrate or boast about.
Trending news
MoreCrypto prices
More
