PANews
PANews|May 20, 2026 10:11
[Bitfinex Leveraged Long Positions Reach Two-and-a-Half-Year High, Bitcoin Approaches Key Resistance Level] According to a report by CoinDesk, Bitfinex's leveraged long positions in Bitcoin have risen to 80,636 BTC, marking the highest level since December 2023. Despite BTC's cumulative decline of approximately 13% this year, with the current price around $77,000, Bitfinex longs have still grown by about 10% since the beginning of the year, indicating that leveraged funds have continued to increase positions during price pullbacks. The article states that over the past five years, the so-called "Bitfinex whales" have typically added positions during periods of market weakness and emotional capitulation, while reducing positions near local tops and before trend reversals. Currently, BTC is testing resistance around $78,000, which includes the True Market Mean and the cost basis of short-term holders. Its 200-day moving average sits above $81,000, forming a critical technical zone that bulls need to break through.
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