Amid Bitcoin (BTC) prices falling for 5 consecutive days, Bitfinex traders are expanding their leveraged long positions, CoinDesk reported. The media outlet stated, "The volume of long positions on the Bitfinex platform has increased to 80,636 BTC, accumulating the most in approximately 2 years and 6 months. Since the beginning of the year, the exchange's BTC long position volume has increased by approximately 10%, while Bitcoin's price has fallen by about 13% during the same period. The market interprets this as a signal that large-scale investors are continuously accumulating BTC during the correction. Bitfinex whales' long positions tend to expand when the market is weak or investor sentiment is dampened, and conversely, contract near market highs," it explained.
