These Key On-Chain Metrics Indicate Bitcoin Nears a Steep Downtrend

Bitcoin has been going wild over the past few hours. Its price surged rapidly towards $9,900, but an internal issue on BitMEX caused this platform to go down affecting the flagship cryptocurrency. Following the incident, Bitcoin took a 3.5% nosedive erasing the gains made today. Data from Datamish shows that $11.4 million of long positions…
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Author: toutiao