Bitfinex BTC Margin Longs Hit December 2023 High as Price Slips
The divergence between leveraged positioning and spot price is the tell: longs are being added into the dip while BTC grinds against cost-basis support near $78K.
Bitcoin (BTC) is the first decentralized cryptocurrency, introduced in 2009 by an individual or group operating under the pseudonym Satoshi Nakamoto. It runs on its own blockchain, the Bitcoin network, secured through a Proof of Work consensus mechanism in which miners use computing power to validate transactions and produce new blocks roughly every ten minutes. The protocol defines a hard cap of 21 million coins, and the block reward given to miners is automatically halved approximately every four years, embedding a predictable, disinflationary issuance schedule into the network. This scarcity, combined with permissionless access and resistance to censorship, has led many to characterize Bitcoin as a form of digital gold or a store of value distinct from traditional fiat currencies. Beyond peer-to-peer transfers, the Bitcoin ecosystem has expanded to include Ordinals, a method of inscribing data onto individual satoshis that enables NFT-like assets directly on the base layer, and BRC-20, an experimental fungible token standard built on those inscriptions. Emerging Bitcoin Finance (BTCFi) initiatives extend these capabilities further, allowing BTC to be used in staking, lending, and cross-chain security applications, positioning Bitcoin as a foundation for a broader decentralized financial ecosystem.
The divergence between leveraged positioning and spot price is the tell: longs are being added into the dip while BTC grinds against cost-basis support near $78K.
BlackRock, the world's largest asset manager and operator of the IBIT spot Bitcoin ETF, has shed 10,086 BTC —…
671 $BTC (≈52M) moved from Coinbase Institutional to unknown wallet.
671 $BTC (≈52M) moved from Coinbase Institutional to unknown wallet.
671 $BTC (≈52M) moved from Coinbase Institutional to unknown wallet.
649 $BTC (≈50.4M) moved from #Binance to unknown wallet.
671 $BTC (≈52M) moved from Coinbase Institutional to unknown wallet.
Tether now controls the controlling shareholder of the #2 public BTC treasury (43,514 BTC) outright, and the pre-market bid suggests investors read the consolidation as accretive, not destabilising.
The 110-1 House vote and May 19 signature make South Carolina the most aggressive pro-Bitcoin state in the union.
The executive order does not unlock Fed master accounts overnight, but it converts the debate from legal gray zone into an active Fed review — with Kraken's March approval as the working template.
Three independent signals — realized cap stabilization, a top-three RHODL reading and one of the longest stretches of negative perp funding on record — all line up on the same February low.
671 $BTC (≈52M) moved from Coinbase Institutional to unknown wallet.
671 $BTC (≈52M) moved from Coinbase Institutional to unknown wallet.
The largest European exchange by traffic adds a dedicated UK venue, leaning on FPS for instant GBP deposits as it pushes into a tightly regulated retail market.
Galaxy Digital puts the bill's chance at 75% — up from a coin flip three weeks ago — and Wall Street is already positioning: the SEC drafts a tokenized-stock framework while Ripple, Chainlink, and…
Benjamin Cowen argues stablecoin dominance has broken out of a two-year base and is now backtesting it — a structure that historically took years to resolve and kept capital parked in stables rather…
The print matters less than the structure forming around it — a higher low off the prior capitulation and a tightening range signal positioning, not a clean reversal yet.
K33 Research is pushing back on bearish readings that lean on Bitcoin's breach of the 200-day moving average as a…
Flat price masks a divergence: futures open interest is sliding, XRP shorts are crowding the bounce, and Deribit flags long straddles as the cheap-vol trade into Nvidia earnings.
Ireland's Criminal Assets Bureau (CAB), working alongside Europol, has secured approximately 500 BTC believed to be…
Bitcoin is the world's first decentralized cryptocurrency, created in 2009 by the pseudonymous Satoshi Nakamoto.
Bitcoin (BTC) launched on 2009-01-03.
Bitcoin (BTC) is categorised as: Smart Contract Platform, Layer 1 (L1), FTX Holdings.
The official Bitcoin site is http://www.bitcoin.org.
Most recent Bitcoin coverage: "Bitfinex BTC Margin Longs Hit December 2023 High as Price Slips" — read at /en-US/a/bitfinex-btc-margin-longs-hit-highest-level-since-december.