Bitfinex Leveraged Longs Hit Two-Year High, Bitcoin Bottom-Buying Strength Increases but Bottom Still Awaiting Confirmation

Odaily According to reports, as Bitcoin fell, Bitfinex margin long positions rose to approximately 77,100 BTC, reaching a nearly two-year high. This trend indicates that there is still significant leveraged bottom-buying capital in the market during the decline. Furthermore, over the past six months, the size of Bitfinex margin longs has increased by about 64%, which is often seen as a signal that large investors or risk-tolerant capital continue to add positions during periods of market stress. However, historical experience shows that this indicator often expands during market stress phases but does not necessarily mean the price has bottomed out. Analysis suggests that the current accumulation of margin longs reflects, on one hand, bargain-hunting behavior in the market, and on the other hand, may also indicate that the market has not yet completed its final shakeout, with short-term volatility risks still present. (CoinDesk)