Disclaimer – *you cannot trade this chart; it is a visual of BTC Long positions*

The previous two peaks of BTC LONGS in 2019 and 2021 marked major bottoms on the USD price of BTC . I’m also reading these may be the highest net long positions being built currently in the market. Similar to using BTC Dominance charts as a type of indicator, if you will – it can tell a story, but what is it telling us now? A major bottom incoming, or are institutions about to dump the market? We can’t know for sure, but I am leaning toward us being very close to a macro bottom -> accumulation period -> ATHs.

Is this time different to 2019 and 2021, if so, why?

Like and comment your thoughts! Also, check out my twitter if you’re interested @cryptovatsik

V