Bitfinex Bulls Double Down as Bitcoin Extends Losing Streak
Share:
Bitfinex traders increased Bitcoin long leverage even as BTC fell for five straight sessions from May 15 to May 19, with price sliding from above $80,000 to nearly $76,000. Coinglass data shows longs rose from about 74,000 BTC in February to over 80,000 BTC while bearish bets shrank, indicating aggressive CEX dip-buying despite weaker ETF inflows and macro pressure and creating upside pressure alongside higher liquidation risk for crypto traders.
Predictions Markets
See what traders are focused on
- Bitfinex traders kept increasing Bitcoin longs even as BTC fell for five straight trading sessions.
- Bitcoin whale long positions crossed 80,000 BTC while bearish bets continued shrinking sharply.
- Traders aggressively bought Bitcoin dips despite weaker ETF inflows and rising macroeconomic pressure.
Bitcoin traders on Bitfinex increased bullish leverage even as Bitcoin recorded five straight daily losses between May 15 and May 19. The price fell from above $80,000 to nearly $76,000 during a broader market pullback, but large traders continued adding long positions instead of reducing exposure.
Coinglass data shows Bitfinex Bitcoin long positions rose from about 74,000 BTC in February to more than 80,000 BTC by May. Traders kept building exposure through periods of sharp corrections and volatile price swings. The steady rise in leverage suggests traders continue to po…
Read The Full Article Bitfinex Bulls Double Down as Bitcoin Extends Losing Streak On Coin Edition.
Read More
Bitcoin’s $10 billion credit market keeps growing after its first major selloff
