Decline in Bitfinex Bitcoin longs signals possible price rally

Bitfinex’s leveraged Bitcoin (BTC) long positions have dropped to their lowest level since December, a pattern historically linked to Bitcoin price increases, according to CoinDesk. Data shows that rising longs often precede price declines, while falling longs tend to align with rallies—suggesting traders frequently misjudge market direction. This trend has been consistent during major rallies since 2021.