Bitfinex sees 220x more BTC longs than shorts

Joao Wedson, CEO of crypto investment data analysis platform Alphractal, highlighted an unusual imbalance in Bitcoin (BTC) trading positions on Bitfinex, noting on X that there are roughly 220 times more long positions than shorts on the crypto exchange. He also pointed out that the number of long positions continues to grow. Wedson added that the activity deserves further attention. Bitfinex shares the same parent company as Tether, the issuer of the USDT stablecoin.