ETH longs on Bitfinex more than doubled in two days.
Margin longs on ETH/USD hit 283.5K ETH at the Oct-08 close, the highest in 3 years.
Two ways to read it: big players adding exposure here, or one crowded trade on one venue that can unwind fast if ETH slides.
The tell is whether these longs are still on the book next week.
Margin longs on ETH/USD hit 283.5K ETH at the Oct-08 close, the highest in 3 years.
Two ways to read it: big players adding exposure here, or one crowded trade on one venue that can unwind fast if ETH slides.
The tell is whether these longs are still on the book next week.