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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

$79,963.62

+0.45%

$79,963.62

+0.45%

(24s)

24h Volume

$7,148,210,399.08

24h H/L

$80,200.00 / $79,545.96

Change: $654.04 (0.82%)

Long/Short

53.1%

Long: 53.1%Short: 46.9%

Funding Rate

+0.0018%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$79,906.19

▲ 0.09%

Volume (24h): -

Resistance Levels

Resistance 3$88,315.23

Resistance 2$82,260.41

Resistance 1$80,157.58

Price$79,906.19

Support 1$79,635.96

Support 2$77,509.46

Support 3$73,033.65

Pivot (PP):$79,824.58

Trend:Sideways

RSI (14):67.0

CoinDesk Staff

(10:07 AM UTC)

1 min read

Updated byMichael Roberts

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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…

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Source

CoinDesk Staff · CoinDesk

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