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Bitfinex Bitcoin longs rise to $3B — #BullishAF or #bearish?🤑💸💵💰💯 A startling number of Bitcoin margin longs recently opened at Bitfinex, but their muted impact on BTC price raises suspicion. #Bitcoin investors have sought explanations for the lack of bullish momentum since the spot Bitcoin exchange-traded fund (ETF) initiated trading on Jan. 12. Multiple factors for the absence of bullish price action have been identified, but none are entirely conclusive. Meanwhile, leveraged long positions using BTC margin at Bitfinex have increased to a staggering $3 billion, prompting speculation that Bitcoin whales are preparing for a bull run. #GBTC #ETFsApproval outflow and macroeconomic factors take the blame Some analysts, including BitMEX founder Arthur Hayes, believe investors previously expected the U.S. Federal Reserve (Fed) to cut interest rates as soon as March, but recent inflationary events have greatly reduced those odds. Hayes thinks that by not renewing its Bank Term Funding Program (BTFP), the Fed will put U.S. regional banks to the test, draining liquidity from risk markets and negatively impacting assets like Bitcoin.

Bitfinex Bitcoin longs rise to $3B — #BullishAF   or #bearish?🤑💸💵💰💯  
A startling number of Bitcoin margin longs recently opened at Bitfinex, but their muted impact on BTC price raises suspicion.
#Bitcoin   investors have sought explanations for the lack of bullish momentum since the spot Bitcoin exchange-traded fund (ETF) initiated trading on Jan. 12. Multiple factors for the absence of bullish price action have been identified, but none are entirely conclusive. Meanwhile, leveraged long positions using BTC margin at Bitfinex have increased to a staggering $3 billion, prompting speculation that Bitcoin whales are preparing for a bull run.
#GBTC  #ETFsApproval   outflow and macroeconomic factors take the blame
Some analysts, including BitMEX founder Arthur Hayes, believe investors previously expected the U.S. Federal Reserve (Fed) to cut interest rates as soon as March, but recent inflationary events have greatly reduced those odds. Hayes thinks that by not renewing its Bank Term Funding Program (BTFP), the Fed will put U.S. regional banks to the test, draining liquidity from risk markets and negatively impacting assets like Bitcoin.