Bitcoin's rising leveraged position points to continued dip buying, but may not yet signal price bottom

Bitfinex margin longs surge to a two-year high as bitcoin falls below $69k. What to know : Bitfinex margin long positions have climbed to around 77,100 BTC, up 64% in six months. The steady build in leveraged longs has historically coincided with periods of market stress, but also indicates that a clear price bottom has yet to occur. Bitcoin has fallen below $69,000.