CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Feb 28, 2025

Bitcoin Margin Long Positions Rise to Over 60,000 BTC on Bitfinex

1 min

As the price of Bitcoin declines, traders on Bitfinex are increasing their margin long positions, showing confidence in a potential price rebound. Key points include:

  • Margin long positions rose from 50,773 to over 60,000 BTC this month.
  • This represents a 2% increase in the past 24 hours.
  • Bitcoin has lost over 20% in value this month, marking its worst monthly performance since June 2022.
  • Bitfinex traders, primarily whales, have a history of accurately identifying market tops and bottoms.
  • Traders tend to accumulate during price declines, as seen in previous years.
  • Current crypto market sentiment is extreme fear, contrasting with over 230 days of greed last year.