Bitfinex Bitcoin longs total $6.8B while shorts stand at $25M — Time for BTC to rally?
Bitcoin margin longs dropped, but options and ETF flows point to strong bullish sentiment from professional investors.
Key takeaways:
Bitfinex margin longs fell 18%, despite Bitcoin price rising 24% in 30 days.
$6.8 billion in long positions far outweight the current $25 million in shorts.