Bullish Bitcoin Plays on Bitfinex Swell to Highest Since Early 2024

Margin long positions continue to climb, signaling strong conviction despite bitcoin’s weakness. What to know : Bitfinex margin longs have risen to roughly 72,700 BTC, up from around 55,000 BTC since October, matching levels seen just before bitcoin’s March 2024 peak near $73,000. Historically, major bitcoin bottoms have aligned with Bitfinex whales reducing long exposure, a signal that has not yet appeared.