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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
$63,264.05
+0.27%
$63,264.05
+0.27%
(24s)24h Volume
$2,694,452,526.31
24h H/L
$63,390.00 / $62,968.45
Change: $421.55 (0.67%)
Long/Short
68.5%
Long: 68.5%Short: 31.5%
Funding Rate
+0.0041%
Longs pay
Data provided by COINOTAG DATALive data
CS
CoinDesk Staff(10:07 AM UTC)
1 min read
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.
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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