In recent market measures, BTC shorts have gained 20% in the last two weeks, while long positions have fallen for the fourth consecutive week, and continue to record lower lows by 2019. In other markets, the short positions of the ETHI have fallen by almost 50%, while long positions have risen to new highs, and LTC short positions as well as long positions have recently tested the resilience of all times.
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BTC longs slip 38% in 4 weeks
Bitcoin core longs (BTC longs) fell 38% in less than four weeks, dropping from around 35,900 to 22,218 at the time. The decline followed a rapid rise to 38,000, 5% less than the all-time high.
Curiously, both long and short positions for BTC fell by about 27% in the week of 18 February, the strongest week for the BTC trading volume of 2019. BTC short positions rebounded in the week of 4 March by 19% to 20,600, with short positions leading to this remained stable. They currently sit at 20,800.
ETH Longs tests all-time highs
The long positions of Ethereum (ETH) have been characterized by considerable volatility in recent weeks. Positions fell by around 15% in two days, having reached a new all-time high of around 531,000 on February 24. Since February 28, the long positions have almost completely recovered. in two days to gain 18% and is currently around 521,000.
The ETH Zurich shorts have dropped by 50% in less than four weeks, dropping from 239,500 to 119,500, setting a new low for 2019.
LTC Longs The biggest weekly decline of 2019
After testing the 2018 highs in the first weeks of 2019, Litecoin (LTC) posted its largest weekly decline of the year, dropping 13% from 285,250 to 248,000.
Short LTC positions have ranged from 161,500 to 266,000 since early February. The short positions are currently around 236,300.
Do you think that the ETH-Longs will continue to increase? Share your thoughts in the comments below!
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The postmarkets update: BTC longs for 2019 at new low level, the ETH longs test ATH first appeared in the Bitcoin News.