A recent surge in Ethereum (ETH) long positions on Bitfinex has been reported, according to data from Coinglass. Between December 22 and December 30, ETH long positions on the exchange increased by approximately 48%, reaching a total of 104,847.23 ETH.
Market Consolidation Drives Positioning
The significant increase in ETH long positions occurred during a period of low consolidation in the market. This suggests that traders are taking a bullish stance on Ethereum, anticipating potential price gains in the near future.
Key Statistics
* ETH long positions on Bitfinex increased by 48% between December 22 and December 30 * Total ETH long positions on Bitfinex now stand at 104,847.23 ETH * Data source: Coinglass
Source: M.theblockbeats.info
The post ETH Long Positions on Bitfinex Surge 48% Amid Market Consolidation appeared first on CoinBuzzFeed.
