Bitcoin Traders are Exiting Bullish Positions En Masse, Data Shows

The number of traders who had bullish positions on bitcoin is declining. And it could be significant in determining the cryptocurrency’s next big move.
Charts on the Bitfinex exchange earlier showed an almost parabolic rise in long positions, showing that investors expected to profit from a rise in the bitcoin price.
Between November 23 and December 23, the number of Bitcoin’s long positions surged from 24,839 to 47,720 – or by circa 92 percent. The same period saw its spo