Bitcoin poised for rebound as TD Sequential signals buy, Bitfinex longs up 20%

Despite a 3.57% drop in Bitcoin (BTC) since Aug. 1, traders on Bitfinex are doubling down, according to crypto analyst Ali Martinez on X. Long positions on the exchange have surged 20%. In a more recent post, Martinez noted that the Thomas DeMark (TD) Sequential indicator, a tool often used to anticipate potential trend reversals, just flashed a buy signal on the 12-hour BTC/USDT futures chart on Binance.