The number of short positions on bitcoin at Bitfinex team reached a two-month low, just eight days a decrease of 33%. The number of long positions increased by 10%, according to CoinDesk.
At the same time, in October, the average weekly volatility of bitcoin futures, according to MarketWatch, has reached a historic low of 6.6%. Specialist Chicago Board options exchange (CBOE) Kevin Devitt stressed that earlier the figure was about to 15.65%.
We will add that at the end of October the average daily volatility of bitcoin fell to a level March 2017 and was only 0.86 percent.
Meanwhile, the cryptocurrency market demonstrated moderate growth. So, for the last two days, the total capitalization grew from $210 billion to $220 billion and the daily trading volume of $14.2 billion to $16.3 billion.
It is noteworthy that on the background of another rally Ripple again managed to briefly shift Ethereum in second place in the ranking of CoinMarketCap, but then the “world computer” played the position. As of 08:34 UTC, ETH capitalization exceeds that of its nearest rival at $1.2 billion.
Bitcoin reached $6500, adding to the price of about 3% for the last two days.
The main fork of first Bitcoin Cash (BCH) continues to demonstrate steady growth on the background of the upcoming hard forks and disagreements in the community. As of 08:34 UTC, the coin is trading around $630, although it is still November 2, the price did not exceed $430.
Previously Mike Novogratz suggested that in 2019 bitcoin will overcome $20 000.
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