Bitfinex Bitcoin longs hit 6-month high — Will BTC price follow?

Quick Summary:

Bullish Bitcoin (BTC) positions using leverage on the Bitfinex exchange surged to their highest level in nearly six months, reaching 80,333 BTC on March 20—equivalent to $6.92 billion.The 27.5% increase in Bitcoin margin longs since Feb.20 has fueled speculation that the 12.5% BTC price gain from the $76,700 low on March 11 is driven by leverage and may not be sustainable.

Bitcoin margin traders are highly profitable but also risk-tolerantIn the long term, these savvy investors have timed the market well, as Bitcoin’s price eventually surpassed $88,000 in November 2024, while margin long positions were reduced by 30% by year-end.

Even if one assumes that most of the $1.48 billion in margin longs are not arbitrage trades—meaning these large investors are genuinely betting on Bitcoin’s price appreciation—other exchanges may have offset part of this move.

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Cointelegraph by Marcel Pechman

Category: Crypto

Markets: United States

Topics: Bitfinex Market Traders Bitcoin’s Options Price Bitcoin Bullish March Margin Longs

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-20 @ 20:32:11 (23 hours ago)

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Article Length: 684 words

Reading Time: 4 minutes read

Sentences: 33 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coin Telegraph

News ID: 27201005

View Article Analysis

About Coin Telegraph

Main Topics: Crypto

Official Website: cointelegraph.com

Update Frequency: 195 posts per day

Year Established: 2013

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #11

Publisher Details

Frequently Asked Questions