2.2M ETH Is Now Margin-Long, Signalling Bullish Momentum

2.2M ETH Is Now Margin-Long, Signalling Bullish Momentum
фото показано с : beincrypto.com

2020-5-23 01:15

Margin-longs for Ethereum are exploding today on both BitMEX and Bitfinex. Some 85% of all margin-calls are currently long for Ethereum compared to shorts.

The massive amount totals around 2% of the entire circulating supply. Indeed, 2.3M or so ETH is now now margin-long. The longs have continued to accumulate, as shown in the image below posted recently by lowstrife (@lowstrife) on Twitter.

A few days ago, BeInCrypto reported that ETH longs are up 90% so far for the year. Ethereum has also recovered 100% from its epic crash on March 13.

The last time we saw longs for Ethereum pile up like this was on April 10. Over 90% of margin traders were long on Ethereum then. The price at the time was $170 and is currently past the $200 mark.

It remains to be seen whether the overwhelming longs on Ethereum will end up being squeezed or if this is a real sign of bullish momentum.

The post 2.2M ETH Is Now Margin-Long, Signalling Bullish Momentum appeared first on BeInCrypto.

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Ethereum (ETH) на Currencies.ru

$ 2054.55 (-0.12%)
Объем 24H $8.22b
Изменеия 24h: -0.06 %, 7d: 3.17 %
Cегодня L: $2023.75 - H: $2070.9
Капитализация $247.966b Rank 2
Цена в час новости $ 208.67 (884.59%)

ethereum long compared currently margin-calls supply all

Источник: beincrypto.com

ethereum long → Результатов: 126


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