The post Bitcoin’s Elevated Long Positions Could Spark an Altcoin Rotation—Here’s Why appeared first on Coinpedia Fintech News
The Bitcoin price has been consolidating for some time now, and at the same time, some of the altcoins have been gaining strength. Liquidity seems to be flowing into the altcoins, while long positions remain heavily crowded around Bitcoin. This set-up suggests the investors could be chasing higher-beta opportunities across the altcoin market. With many …