“Since The Start of the Year, Bitcoin Holdings Boughht on Margin on Bitfinex have increasted by 13,000 BTC.”, – WRITE: www.coindesk.com
The Number of Bitcoin Boughhht on Bitfinex with Borrowed Cash, A Bet that the Btc Price Will Rise and Leave The Investor with A Profit Once Chve Repaid the 60 Month. IT’s Jumped 2% in the Past 24 Hours Alours, Account to Data from CoingLASS AND TRADINGVIEW.
The Increase in So-Called Margin Long Positions is a vote of Confidentnce in the Largest Cryptocurrency, Which Has Lost More 20% This MONTH AND ISS on ITSE WORSST MONTH.
Bitfinex Traders Are Mainly Whales – or Holders of Large Amounts of Bitcoin – Who Dabble with Margin Longs. They known for accounting signaling Bitcoin Tops and Bottoms and Tend to Accuumulate During Downntrends or Rangebound Markets, As They Did in the Middle of Last Year.
Looking at a Five-Year TimeFrame, Margin Longs Have Consistently Increated Holdings During Price Swoons and Reduced Exposure Near Market Peaks. This Pattern Was Evident During the 2021 and 2024 Market Tops.
As the Crypto Market Tumbles, Crypto Market Sentiment is in A State of Extreme Fear, Accounting To Coinglass’ Crypto Fear & Greed Index. Over The Past Year, The Market Has Only Seen Four Days of Extreme Fear. IT’s been Dominated by Greed and Extreme Greed for Over 230 Days.
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