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Bitcoin Vulnerable as Bitfinex BTC/USD Longs Hit Highest Level Since November 2023

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Bitcoin Vulnerable as Bitfinex BTC/USD Longs Hit Highest Level Since November 2023

A surge in leveraged long positions on Bitfinex is raising fresh concerns about Bitcoin near-term trajectory, with analysts warning that the market may be vulnerable to further downside despite recent price stability. Key Points BTC/USD long positions on Bitfinex have reached 79,343, the highest level since November 2023.

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