BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
This indicator I found is supposed to state the number of long contract positions vs the number of short contract positions on Bitfinex.

Surprisingly since the all time high the majority of the contracts have stayed long.
Nice overview. Thanks for this.

I presume, if the sell-off continues, some longs will be forced into liqudiation. That will just add fuel to fire...
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Bluephantom EspressoDopio
@EspressoDopio, Yeah I suppose it would, I didn't think of it that way.

When I was looking at this I kind of first thought that the market would flow in the direction that the majority bidded towards but it doesn't seem to be the case. It is also more opposing from the all time high. It is quite possible there has been a lot of new blood jumping into the market and put in leveraged positions not knowing what they are doing.

It's no wonder why there has been so much jumping up and down about regulation and investor safety. So many people are going to be so screwed!
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EspressoDopio Bluephantom
@Bluephantom,
Strange also how everyone is soo sure about 6k and lower. There is the biggest buy wall ever. Over 500 BTC at 8400$.... Wonder what that will do.
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