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Bitcoin Longs Reach 2-Year High At Bitfinex: Bullish Or Bearish?
Summary by Cointelegraph
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Bitfinex Bitcoin longs hit highest level since late 2023: Is a rally to $100K possible?
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. Bitcoin (BTC) price plummeted to its lowest level in over two months on Thursday, retesting the $84,000 support. This sell-off aligned with a broader move toward risk aversion after Microsoft (MSFT U…
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