A sharp reduction in long and short Bitcoin Bitcoin positions has been recorded. The price has touched $ 4,000

On Monday, February 18, the number of long positions on Bitcoin on the Bitfinex exchange reached an 11-month high at 38,237 BTC. Nevertheless, in the last 30 minutes (after 6:00 pm UTC), there has been a sharp drop to 31,000 BTC.

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It is noteworthy that against the background of the growth in the number of long positions over the course of three weeks, the number of short ones almost did not change. As a result, the ratio of longs to shorts is about 1.48. In the last 30 minutes, there has also been a sharp reduction in positions from 25,000 BTC to 21,000 BTC.

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Meanwhile, the price of Bitcoin is confidently approaching the psychological mark of $ 4,000. As of 18:30 UTC, the price touched the cherished mark on the Bitfinex exchange. At CoinMarketCap, the rate is around $ 3,950, and at Bitstamp, the $ 3,900 milestone has not yet been overcome.

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