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Bitcoin Longs Surge, Contrarian Signal for Bearish Market

Published 3 days ago
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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