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Recent data shows many traders holding long positions, contributing to the current price stagnation. Analyzing heatmaps and liquidation levels can provide insights into potential market shifts.
Bitcoin: The impact of predominant long positions
At press time, Bitcoin is trading at approximately $97k. Despite a strong bullish narrative, Bitcoin faces significant resistance at the $100,000 psychological barrier.
Recent data highlights a market heavily skewed toward long positions, a dynamic that could be contributing to the stagnation in price action.
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