Since Bitcoin hit its ATH, analysts and traders have been anticipating a price drop/correction before a prolonged price rally to buy some more. This is one of the popular upsides of the current price drop in Bitcoin and Ethereum.

Source: Coinstats

As Bitcoin and Ethereum’s price rallies retraced and the trend reversed momentarily, the ratio between BitMEX longs and shorts neutralized. This welcome change followed after several days of relatively high long levels. Since the neutralization,…

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