Analysis: CEX Bitcoin long positions have fallen to their lowest level since December of last year, which may indicate a bullish trend.

[Analysis: CEX Bitcoin Long Position Falls to Lowest Level Since December Last Year, May Signal Bullish Trend] According to TradingView data, the BTC/USD leveraged long position on CEX has fallen to its lowest level since December last year. Historical data shows that the indicator is often indicatively indicative: during bull markets, long positions decrease, while during bear markets they increase. For example, the market decline in 2022 and the pullback phase from $100,000 to $75,000 at the beginning of the year saw a significant increase in long positions; The recent rally from $75,000 to over $110,000 has seen long positions continue to decline. Crypto analyst firm Alphractal pointed out that traders often misjudge the direction of the market, leading to forced or voluntary liquidations, which drives price volatility in the opposite direction, and the company’s CEO João Wedson said: “As long as the long CEX position continues to decline, the price of bitcoin may continue to rise.”