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Bitcoin Price To Regain Upward Momentum? These Bitfinex Longs May Hold The Answer

  • Bitcoin price is experiencing corrections after reaching an all-time high last week, reflecting possible exhaustion of bullish strength.
  • On-chain observations point to increased bullish activity on Bitfinex, indicating potential insight into short-term movement of the market.
  • Alphractal analysis suggests an inverse relationship between BTC's price trajectory and leveraged long positions on Bitfinex.
  • If Bitfinex Long Position continues to decline, Bitcoin could resume its upward trend, but an ascent above current levels may signal a pullback.

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