According to Mars Finance, during the market pullback, traders on Bitfinex continued to increase their Bitcoin holdings, with the number of Bitcoins purchased using borrowed funds rising to 70,714 coins, up from about 50,000 Bitcoins in early August. Additionally, over the past three months, margin long positions on Bitfinex have risen by 42%, highlighting the continued market confidence, even as the market is heading towards its weakest monthly performance since June 2022.
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Bitfinex Bitcoin Margin long positions have increased by 42% in the past three months, as traders increase the position on dips.
According to Mars Finance, during the market pullback, traders on Bitfinex continued to increase their Bitcoin holdings, with the number of Bitcoins purchased using borrowed funds rising to 70,714 coins, up from about 50,000 Bitcoins in early August. Additionally, over the past three months, margin long positions on Bitfinex have risen by 42%, highlighting the continued market confidence, even as the market is heading towards its weakest monthly performance since June 2022.