Although Bitcoin's price had dropped, the increase in long positions suggests that some traders believe a price recovery is possible.
There's no need for false alarm as due course of the current market performance, we're in a volatile market here and any of those unpredictable that looks like undesirable situations for the short term investors has been of experiences in the past.
Let's take a look back from 2017 after bitcoin hits $19,600 Ath and by interval of 11-12 months, it experienced a price decline to $3,200 and in 2021 it regain a recovery momentum to surge $69,000 and same about 1 year interval price dropped to $15,000.
I'm basically recalling this hands in quote that there's every chances of the current market decline to recover if this has happened in the past. Cordially, it's obviously an leverage opportunity for investors to comes because the current prices in the ratio of $88,000 to $90,000 could be the bear bottom and after the correlation the market recovery to break the $100,000 resistant is possible to happen in the short term. Then, a skyrocket to new Ath will be sure comes this same market season.