Sorry for the clickbait title but I wanted to draw people's attention to an interesting price formation/correlation happening with XRPBTC Longs.
Although previously, Longs have not resulted in a significant rise in the price of XRP, the behaviour of the price of XRP today to these bitfinex longs is very different when compared to historical price movements....
Just for my record... looks interesting.
Any comment or idea if you see or think or whatever something, welcome.
USD Longs rising, looks it has a very strong support
BTC Longs steady and trying to push up, maybe bouncing over some kind of support.
Shorts (BTC and USD) seems to be hiting with a roof... Seems they have never been very significant against Long. ...