Bitcoin Longs on Bitfinex Jump 40% in Three Months as Traders Double Down on Dip
CoinDesk
Bitfinex margin longs increased by 42% over three months while Bitcoin fell, indicating trader confidence during the recent correction.Summary
Despite Bitcoin experiencing six down weeks out of the last seven and falling roughly 35% from its October high, traders on the Bitfinex exchange have significantly increased their leveraged long positions. Margin longs climbed 42% over the past three months, reaching 70,714 BTC, up from 50,000 BTC at the start of August, demonstrating continued confidence despite the ongoing correction. Historically, the Bitfinex whale expanding its margin long position to around 70,000 BTC has preceded major market bottoms, as seen during the yen carry trade unwind in August 2024 and the tariff tantrum in April 2025.
(Source：CoinDesk)