You will note the margin long and margin short contracts are at similar levels to what we were in 2017 when we were at a similar price range in 2017.
Feel free to watch my previous video on BitFinex margin longs and shorts, titled, "Margin Shorts Need to be Spooked." It's linked below.
Note the Phoenix Ari 1.07 sitting at 0.57 (57%) on Bitstamp (left) and sitting at 1.0 (100%) on Bitfinex (right).
I may need to follow up with another video publication comparing multiple time frames between different exchanges.
I know I said I wasn't going to post until Monday, but I wanted to get this out there now because we're at a major decision point for the market. This gives an idea of what I'm expecting for Bitcoin. Doesn't have to play out this way, but I'm interested nonetheless :) Hope you enjoy.
I probably won't be posting any new charts this week since I have to take care...