Bitfinex has reported a significant increase in Bitcoin leveraged long positions, which have risen to 72,700 BTC. This marks a substantial jump from 55,000 BTC recorded in October, indicating a growing interest in long-term Bitcoin investment. The current levels are approaching those seen in March 2024, suggesting renewed confidence among traders.
Despite the increase, historical patterns that often associate reduced long positions with Bitcoin market bottoms have not yet manifested. As the market nears critical resistance levels, traders are carefully evaluating the risk-to-reward ratio, reflecting cautious optimism in the current trading environment.
Bitfinex Bitcoin Long Positions Surge to 72,700 BTC
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