Episode Details
Back to EpisodesBitcoin Longs Surge, Contrarian Signal for Bearish Market
Description
Bitfinexs record high in bitcoin longs, seventy-nine thousand three hundred forty-three, signals fresh optimism, but historically, this surge in bullish bets has preceded bitcoins price drops. With potential U.S. troops heading to Iran, spiking oil prices, and Fed rate hike whispers, the bear case is strengthening, and bitcoin is currently hovering near sixty-six thousand four hundred dollars.
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