Bitfinex BTC shorts are quietly making a comeback?! Today, Bitfinex BTC short positions climbed to 151.62 BTC, up +4.64% in a single day, rebounding nearly 27% from the recent low of 119.54 BTC. On the flip side, long positions are still as high as 89,726 BTC, but they've been steadily declining from the recent peak of 90.7K BTC. Don’t be fooled by the '89.7K longs vs. 152 shorts' ratio—what really matters with Bitfinex BTC position indicators is who's adding and who's reducing. The current shift is: longs are no longer increasing, while shorts are starting to rise. If BTC price breaks out of the recent consolidation zone at $85.5K~$83.5K, and shorts keep increasing while longs keep decreasing, the signal will turn significantly weaker...