<ul><li>Data on Bitfinex suggests a pattern where increasing long positions lead to price decrease and vice versa, often due to retail traders entering wrong leveraged positions.</li><li>Currently, long positions on Bitfinex are declining which could signal a potential bullish trend by clearing excess leverage for a healthier setup.</li><li>Recent liquidations in altcoins like ADA and LINK indicate traders misjudged the market direction, with short positions posing the highest liquidation risk.</li><li>Alphractal notes that major liquidations often precede local bottoms in crypto markets, suggesting a cautiously optimistic outlook based on Bitfinex positioning trends.</li></ul>

These 2 Altcoins Could Be Nearing a Local Bottom

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