Bitcoin Longs on Bitfinex Jump 20%, Prices Drop Below 100-Day Average
0BTC/USD longs on Bitfinex frequently move inversely to bitcoin’s price action.
Bullish bitcoin BTC$112,945.67 bets on Bitfinex, one of the longest-running crypto exchanges, have notably increased in recent weeks, presenting bearish dues for BTC’s price which has fallen below critical moving average support.
Data from TradingView shows that BTC/USD long positions on Bitfinex have surged by 20% over the past three months, reaching 52,774 margin trading positions. These longs represent positions using borrowed funds to purchase bitcoin, amplifying both potential gains and risks.
Typically, a rise in long positions implies strong buying pressure and a bullish market sentiment. However, bitcoin’s market has historically shown a paradox where increases in leveraged long positions often precede price declines. This phenomenon is attributed to traders’ tendency to misjudge market trends, leading to forced liquidations or discretionary selling that push prices in the opposite direction.
Historical analysis reveals that BTC/USD longs on Bitfinex frequently move inversely to bitcoin’s price action. For instance, past rallies in BTC have coincided with declines in Bitfinex longs, while price drops have come alongside rising longs. This contradictory pattern marks these long positions as a contrary indicator rather than a straightforward bullish signal.
The current surge in longs, therefore, raises bearish caution. At press time, bitcoin’s price briefly slipped below its 100-day simple moving average of $113,283, a key technical level whose breach often signals potential further downside momentum.
This dynamic underscores a complex interplay: while leveraged longs indicate optimism, they also set up painful liquidations if the market reverses, which could intensify volatility and price declines.
Read more:
https://www.coindesk.com/markets/2025/09/22/bitcoin-longs-on-bitfinex-jump-20-prices-drop-below-100-day-average
#crypto #bitcoin #ethereum #cryptocurrency #news #blockchain #litecoin #cryptonews #cryptonewstoday #cryptoworld #cryptonewstoday ***NOT FINANCIAL, LEGAL, OR TAX ADVICE! JUST OPINION! I AM NOT AN EXPERT! I DO NOT GUARANTEE A PARTICULAR OUTCOME I HAVE NO INSIDE KNOWLEDGE! YOU NEED TO DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS! THIS IS JUST ENTERTAINMENT!
This information is what was found publicly on the internet. This information could’ve been doctored or misrepresented by the internet. All information is meant for public awareness and is public domain. This information is not intended to slander harm or defame any of the actors involved but to show what was said through their social media accounts. Please take this information and do your own research.
bitcoin, blockchain, crypto, cryptocurrency, altcoin, investment, ethereum, bitcoin crash, xrp, cardano, ripple