Bullish Bitcoin (BTC) positions using leverage on the Bitfinex exchange surged to their highest level in nearly six months, reaching 80,333 BTC on March 20—equivalent to $6.92 billion. The 27.5% increase in Bitcoin margin longs since Feb. 20 has fueled speculation that the 12.5% BTC price gain from the $76,700 low on March 11 is driven by leverage and may not be sustainable. Bitfinex BTC margin longs, BTC. Source: TradingView / Cointelegraph However, Bitcoin’s price does not always move in t...
Bitfinex Bitcoin longs hit 6-month high -- Will BTC price follow?
Coin Telegraph - 20 Mar 2025 22:32
Bullish Bitcoin (BTC) positions using leverage on the Bitfinex exchange surged to their highest level in nearly six months, reaching 80,333 BTC on March 20—equivalent to $6.92 billion. The 27.5% increase in Bitcoin margin longs since Feb. 20 has fueled speculation that the 12.5% BTC price gain from the $76,700 low on March 11 is driven by leverage and may not be sustainable. Bitfinex BTC margin longs, BTC. Source: TradingView / Cointelegraph However, Bitcoin’s price does not always move in t...
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