Bitcoin margin long positions on Bitfinex have surged to 80,600 BTC, marking a 2.5-year high since December 2023. This increase comes despite Bitcoin's 13% decline this year and a five-day consecutive drop from May 15 to May 19. Leveraged traders have boosted their long positions by approximately 1.5% recently. Since the beginning of the year, Bitfinex margin longs have climbed by about 10%, even as Bitcoin's price fell from over $80,000 to around $76,000. The cryptocurrency is currently testing a key resistance level near $78,000, with the 200-day moving average positioned above $81,000.