Is the long position data still increasing?
Answer: Yes, and it is increasing at a high frequency
Bitcoin is still entering the market at 97,500, and there are also a large number of longs entering the market at a high frequency in the altcoin market. Undoubtedly, this group is all retail investors. Any currency other than Bitcoin, as long as you go to buy the bottom or chase the long, it is equivalent to chasing Bitcoin at 97,000-98,000.
Have you ever thought about a question? Chasing Bitcoin at 97,000-98,000 is fine, but if it is a long altcoin, once Bitcoin falls back by 20%, where will the altcoin go?
The loss of chasing long altcoins will far exceed the loss of chasing long Bitcoin, so even if you don’t want to hold short positions at this position, don’t chase highs. Even if you think altcoins are at the bottom, you need to know that “Bitcoin is at a high level”. Bitcoin’s pullback will be a major blow to altcoins. However, there has not been a single rise without a pullback so far. In this wave of rise, there are many long positions, which also gave Ethereum long profits. What will happen if it falls?
The above content belongs to the views of Golden Turtle Speculators and is for reference only.