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Bitcoin Massive Spike In Long Positions Raises Red Flag, On-Chain Platform Warns

Summary by Bitcoinist
While the general crypto market is slowly turning bearish, Bitcoin continues to hold above key support levels, which previously acted as strong resistance a few days ago. BTC’s renewed uptrend has attracted significant interest among investors, as observed by a rise in bullish bets, but the future may not be all promising. Bullish Bets On Bitcoin’s Climb Pose Risk Bitcoin’s long positions have risen sharply following the recent upswing in the as…
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Bitcoinist broke the news in on Friday, April 25, 2025.
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