Jun 5, 2025
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Leveraged Bitcoin Longs on Bitfinex Hit Lowest Level Since December
Contrary indicators can mislead market interpretations. One such indicator is leveraged bitcoin longs on Bitfinex, which historically decrease during bull runs and increase during bear trends.
- Current BTCUSD longs on Bitfinex are at 47,691, the lowest since December, suggesting bullish signals for bitcoin.
- The number of longs peaked in early April and has declined as bitcoin recovered from around $75K to over $110K.
- Alphractal noted that rising long positions typically precede price declines, while falling long positions often lead to price increases.
- CEO João Wedson stated that as long as Bitfinex long positions keep dropping, bitcoin's price is likely to continue rising.
- Historical data shows that major BTC rallies coincide with declines in BTCUSD longs, while bear trends align with surges in longs.
