The size of long positions in the futures market increased... Bitcoin from $112,000 to $114,000

Although there has been a surge in attempts to sell Bitcoin (BTC) this month, investor sentiment remains strong, according to an analysis.
The Bitcoin price, which had been trending upward, recovered to the $114,000 range on that day. As of 10:42 a.m. on the 4th, the Bitcoin price in South Korea based on Bithumb rose 0.80% compared to the same time the previous day.
At the same time, the overseas Bitcoin price based on CoinMarketCap rose 1.41% from the same time the previous day to 114,000.
Bitcoin, which had fallen to $112,000 the previous day, recovered its losses in the morning and was trading in the $114,000 range.
Ari Martinez, a cryptocurrency analyst, said through X (formerly Twitter) that "Bitcoin prices have fallen by about 3% this month, but the value of Bitcoin on the cryptocurrency exchange Bitfinex has increased by 10%.
"The size of the long position has increased by 20%," he said, adding that "60% of Bitcoin futures investors on Binance are maintaining long positions."
"This indicates that investment sentiment among market participants remains strong despite selling pressure," it added.