Many cryptocurrency buyers imagine that the Ethereum (ETH) price, at present $ 477, will rise within the quick time period. This perception; It may be confirmed by taking a look at lengthy positions, the variety of which has reached report highs.
Josh Olszewicz shared a picture of Ethereum (ETH) buyers buying and selling futures on the cryptocurrency exchange Bitfinex in the present day. Drawing consideration to the short-long place stability available in the market, the crypto forex commentator emphasised that the variety of lengthy positions began to rise quickly.
All-time excessive quantity seen
Bitfinex, one of many largest cryptocurrency exchanges, hosts a report variety of lengthy positions for Ethereum. Knowledge shared by Olszewicz present that the open positions opened by ETH bulls on the exchange reached an all-time excessive.
Started to fret buyers
The rise within the variety of lengthy positions available in the market signifies that the variety of buyers who assume that the Ethereum price will enhance can be beginning to enhance. Nonetheless, some cryptocurrency buyers are fearful that this growth shouldn’t be optimistic for ETH.
Seeing too many individuals beginning to take a bullish angle, buyers assume this might outcome within the wind blowing in the wrong way. Some social media customers are giving a bearish message, implying that so many individuals can’t be proper. Others stated that the lengthy place elevated, however there weren’t sufficient purchase orders available in the market.
Too many individuals longing, not sufficient folks really shopping for.
— Sasu 🌽 (@fry_crypto) November 19, 2020