Longs
Coverage of Longs in the Nexus archive.
- Live Markets: Bitcoin crashes to $62,000 as billions of longs get liquidated
Bitcoin's price crashed to $62,000, leading to the liquidation of billions in long positions. The market downturn triggered significant losses for investors holding long-term bets.
- Bitcoin funding spike shows longs defending $70K: Will ETF outflows reverse bulls’ efforts?
Bitcoin's price dropped toward a critical support level as traders failed to defend $75,000. The article questions whether BTC could fall below $70,000 amid ETF outflows and a failed longs' defense.
- Todays analysis
The article highlights multiple bullish technical indicators in the market, including RSI and weekly candle breakouts, heavy liquidity above price levels, and a favorable long/short ratio. However, it also notes bearish signals like double-top patterns and bearish CME gaps. The analysis suggests a potential move toward 86k+ despite retail skepticism.