Bitfinex Bitcoin Longs Surge to 6-Month High: What This Means for BTC Price Movement
Bitcoin’s bullish positions on the Bitfinex exchange have recently surged to a six-month high, with leveraged positions hitting 80,333 BTC, valued at around $6.92 billion. This growth, a 27.5% rise in margin longs since mid-February, raises concerns about the sustainability of Bitcoin’s price increase. Despite this optimism, historical data shows that high leveraged positions do ...
