Bitfinex Bitcoin longs hit 2-year high: Is a rally to $100K possible?
Bitcoin margin longs at Bitfinex exchange reached a two-year high prior to stocks and crypto selling off sharply. Should traders expect a rally or the correction to continue?
Key takeaways:
Bitfinex Bitcoin margin longs hit two-year highs, but arbitrage suggests this isn’t a purely bullish price indicator.
Bitcoin price drops as tech stock valuations and gold gains drive investors toward cautious, risk-averse behavior.