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Bitcoin Longs Near 100,000 BTC

$2.6 billion betting up while price falls

13/06/2022 15:34
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Bitcoin longs on Bitfinex, June 2022

Bitcoin longs on Bitfinex, June 2022

Bitcoin longs on Bitfinex have tripled since April, up to 84,000 BTC last month and now up again to 93,500.

That’s worth some $2.6 billion at the current price, with the vast majority of these longs probably underwater.

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