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via CoinDesk · By CoinDesk Staff

Bitfinex margin longs hit 2.5-year high as bitcoin faces key resistance levels

BTC

BTC/USDT

$61,789.99

-1.53%

$61,789.99

-1.53%

(24s)

24h Volume

$29,448,757,477.38

24h H/L

$63,239.06 / $59,102.70

Change: $4,136.36 (7.00%)

Long/Short

68.6%

Long: 68.6%Short: 31.4%

Funding Rate

-0.0005%

Shorts pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$61,754.01

▲ 1.11%

Volume (24h): -

Resistance Levels

Resistance 3$64,719.41

Resistance 2$63,395.60

Resistance 1$61,781.95

Price$61,754.01

Support 1$61,035.43

Support 2$59,102.70

Support 3$52,643.43

Pivot (PP):$61,467.12

Trend:Downtrend

RSI (14):36.3

CoinDesk Staff

(10:07 AM UTC)

1 min read

Updated byMichael Roberts

1420 views

0 comments

Bitfinex traders double down on bitcoin during five-day slide as longs hit 2.5-year high

Margin longs on Bitfinex have climbed to a two-and-a-half year high as bitcoin struggles below key technical resistance near $78,000.

BTCUSD Longs (TradingView)

What to know:

Bitfinex margin longs rose to 80,636 BTC, their highest level since December 2023, signaling continued accumulation from leveraged traders…

COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.

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Source

CoinDesk Staff · CoinDesk

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