Wu Blockchain (@WuBlockchain): Bitfinex Bitcoin Margin Longs Rise to Highest Level Since December 2023
Estimated coin impact
Scores are not price-change percentages. High impact means a score of +70 or more, or -70 or less.
- BTC+30Positive
Bitfinex Bitcoin Margin Longs Rise to Highest Level Since December 2023 TradingView data shows Bitfinex bitcoin margin longs rose to 80,636 BTC, the highest since December 2023, despite bitcoin falling for five straight trading days from May 15 to 19. Longs increased about 1.5% in recent days and roughly 10% year-to-date, while bitcoin is down 13% this year and has slipped from above $80,000 to around $76,000. Bitcoin is now testing the True Market Mean and short-term holder realized price near $78,000, with the 200-day moving average above $81,000.