NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Bitcoin Exchange Gemini Makes A Splash On Nasdaq Debut, Jumping Nearly 50%
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Bitcoin Exchange Gemini Makes A Splash On Nasdaq Debut, Jumping Nearly 50%

Bitcoin Longs are Rising Rapidly Today, But Why is its Price Not Moving?

Cole Petersen
Cole Petersen
1 year ago
2 mins read
Bitcoin BTC

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Bitcoin has been caught within an unrelenting bout of sideways trading within the $7,000 region in the time since it bounced from lows of $6,500 in late-November. This consolidation period has made it increasingly unclear as to where BTC will go next.

One potential factor that could provide some insight into what type of movement is coming next is the fact that Bitcoin’s long positions have been skyrocketing, which may actually spell trouble for BTC’s bulls in the near-term.

Bitcoin Continues Inching Lower as Bears Build Strength

At the time of writing, Bitcoin is trading down over 3% at its current price of $7,285, which marks a notable decline from its daily highs of over $7,600 that were set in sharp and fleeting movement yesterday.

BTC’s rejection at this level signals that sellers currently have firm control of the upper-$7,000 region, and it currently remains unclear as to whether or not buyers will be able to defend the support levels that have been established around $7,000.

One factor that should be closely watched in the near-term is the massive increase in BTC long positions, which could be a bearish sign, as these longs could help fuel a “long squeeze” that perpetuates a massive downwards movement.

Zack Voell, a popular figure within the cryptocurrency markets, pointed out the sudden rise in long positions in a recent tweet, saying:

“Someone is longing the hell out of bitcoin.”

Someone is longing the hell out of bitcoin. pic.twitter.com/643Wxx8qBz

— Zack Voell (@zackvoell) December 10, 2019

While looking at the chart that Voell referenced above, it is clear that there is an inverse correlation between long/short positions and price movements, as long positions dived to multi-year lows in March of 2019 when BTC was trading at yearly lows in the $3,000 region, just before it began a massive rally up to $13,800.

Why is BTC Stuck in a Bout of Sideways Trading?

Although extended periods of sideways trading can come about as a result of accumulation, Cantering Clark, a popular cryptocurrency analyst on Twitter, explained in a recent tweet that this current consolidation period is simple a “weak attempt to reclaim an important level.”

“No major break, nothing changed. Narrative starts when direction is less certain. This isn’t accumulation, it’s a weak attempt to reclaim an important level. Further down we go,” he bearishly explained.

https://twitter.com/CanteringClark/status/1204198570603229190

This extended period of Bitcoin trading within the $7,000 region may soon come to an end, as the unprecedented rise in long positions may provide significant fuel to sellers.

Featured image from Shutterstock.

Tweet123Share196ShareSend
Cole Petersen
Cole Petersen

Cole Petersen

Cole is a cryptocurrency analyst based in Los Angeles. He studied at the University of California Irvine and has been interested in Bitcoin and the crypto markets since 2013.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

etf-memecoins-etats-unis-reglementation-crypto

Les ETF memecoins aux États-Unis : quel impact pour la réglementation crypto ?

Depuis des années, les memecoins symbolisent la face la plus débridée de la crypto. Dogecoin, Shiba Inu ou encore Bonk...

guillaumev 3 hours ago
Bitcoin

Lower Bitcoin Dominance Reinforces Altcoin Strength — Here’s How

Bitcoin has been the undisputed leader of the crypto market, but the balance of power is starting to shift. Recent...

Godspower Owie 6 hours ago
Dogecoin

Dogecoin Price Just Broke A Regional High For The First Time This Year, Why A 300% Rally To $1 Is Possible

Crypto analyst XForce has revealed that the Dogecoin price just broke a regional high, following its reclaim of the $0.3...

Scott Matherson 7 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Bitcoin price news

Bitcoin Set For Short Squeeze Before Long Trap In October

Jake Simmons 27 minutes ago
ethereum eth

Ethereum Faces September Profit-Taking Risks Despite $638M ETF Boost

James Halver 2 hours ago
dogecoin-previsions-maxi-doge-heritier-crypto

Dogecoin Price Could See Another Double-Digit Surge This Week As These Developments Take Place

Sandra White 3 hours ago

Premium Sponsors

Press Releases

  • 5 kryptoměn, které je třeba sledovat v listopadu kvůli potenciálnímu růstu o 5 000 %

    5 kryptoměn, které je třeba sledovat v listopadu kvůli...

    2 hours ago
  • Kterou kryptoměnu koupit nyní | Nejlepší kryptoměny k investování v roce 2025

    Kterou kryptoměnu koupit nyní – Nejlepší...

    2 hours ago
  • 5 kriptovaluta koje treba pratiti u studenom zbog potencijalnog rasta od 5.000%

    5 kriptovaluta koje treba pratiti u studenom zbog...

    2 hours ago
  • Nejlepší altcoiny k nákupu před rozhodnutím FEDu 17. září o úrokových sazbách

    Nejlepší altcoiny k nákupu před rozhodnutím FEDu 17...

    2 hours ago
  • Najlepšie kryptomeny na investíciu v roku 2025

    Ktorú kryptomenu kúpiť teraz | Najlepšie kryptomeny na...

    3 hours ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.