Bitcoin long position interest hovers at highest levels in the last 12 months
Since the price of Bitcoin (BTC) started showing indications of resilience in the middle of June, there has been a lot of interest in increasing the number of open long positions, which has since reached its highest level in the last 12 months. Bitcoin’s long holdings had been hovering around 40,000 to 50,000 BTC long contracts.
This number then first surpassed 100,000 BTC long contracts on June 13, and since hitting a peak of 109,416 on June 17, it has remained at over 100,000 contracts ever since, currently at 103,111 as of August 22, according to data obtained from Datamish. Notably, the longs (bull) indicator has seen significant growth since the middle of May. It is presently hovering around its highest-ever registry and can now be considered a general 2-month trend of high long position interest.
Source
https://t.me/CryptoMarketUpdates
