Bitcoin Longs are Rising Rapidly Today, But Why is its Price Not Moving?

Bitcoin has been caught within an unrelenting bout of sideways trading within the $7,000 region in the time since it bounced from lows of $6,500 in late-November. This consolidation period has made it increasingly unclear as to where BTC will go next.
One potential factor that could provide some insight into what type of movement is coming next is the fact that Bitcoin’s long positions have been skyrocketing, which may actually spell trouble for BTC’s bulls in the near-term.
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