In recent market action, BTC shorts have increased by 20% during the last two weeks, while longs have continued to slide for the fourth straight week to consistently post lower lows for 2019 so far. In other markets, ETH shorts have dropped by nearly 50% while longs have pushed into new all-time highs, and LTC shorts and longs alike have recently tested all-time high resistance.
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BTC Longs Slide 38% in 4 Weeks
Bitcoin core (BTC) longs have fallen by 38% in less than four weeks, dropping from roughly 35,900 to 22,218 as of this writing. The drop followed a quick spike up to 38,000, 5% shy of the all-time high.
Curiously, both longs and shorts for BTC fell by approximately 27% during the week of Feb. 18, the strongest week for BTC trade volume of 2019. BTC short positions recovered by 19% to 20,600 during the week of March 4, with shorts having since remained steady. They are currently sitting at 20,800.