Ethereum Longs spike to a new time high! Ethereum Longs have also seemingly developed a relationship between ETH and Bitcoin Longs.
On Bitfinex, around 300,000 ETH longs were added on April 10th. On the same day, around 5,000 BTC was taken off Longs in Bitfinex – worth around $35 million dollars.
Interesting in itself, but when we look at weekly candles it becomes quite clear there is something going on here.
Shorts have been sideways for bitcoin and ethereum while the positions for ETH longs have only risen.
The real question is whether or not these longs and shorts are real – Bitfinex is a centralized database which as not been audited.
What do you think? Are these shorts and longs related to the global pandemic happening due to COVID19? Let us know on our Facebook page!
