BTC long positions on Bitfinex reach 30-month high

As Bitcoin's price has fallen for five consecutive days, traders on Bitfinex have been increasing their leveraged long positions, CoinDesk reported. The volume of long positions on the platform has risen to 80,636 BTC, the highest level in approximately two and a half years. Since the beginning of the year, BTC long positions on the exchange have grown by about 10%, while the price of Bitcoin has fallen by around 13% over the same period. The market interprets this as a sign that large-scale investors are consistently accumulating BTC during the market correction. Historically, long positions held by Bitfinex whales tend to expand when the market is bearish or investor sentiment is weak, and contract near market peaks.