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Bitfinex Bitcoin longs total $6.8B while shorts stand at $25M — Time for BTC to rally?

Cointelegraph.com NewsKey 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.Bitcoin options positioning and spot BTC inflows point to confidence from institutional investors.Bitcoin (BTC) price climbed 23.7% over the past 30 days, yet traders on Bitfinex have cut their leveraged long positions by more than… 

​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.Bitcoin options positioning and spot BTC inflows point to confidence from institutional investors.Bitcoin (BTC) price climbed 23.7% over the past 30 days, yet traders on Bitfinex have cut their leveraged long positions by more than… 

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