bitifinex - 79,000 BTC Signal: Adam Back Explains Why This Bitfinex Accumulation Is Unprecedented
While crypto market participants have switched into macroeconomic and geopolitical analysts, keeping their focus on the oil chart, a different scenario is unfolding on Bitfinex — one that industry legend Adam Back highlights as unprecedented.
According to the latest margin position monitoring data, the volume of long positions on Bitfinex has now reached a historical high not seen since November 2023, hitting 79,193 $BTC.
? KEY STATISTICS
Possession: 55% - 45%
Shots on target: 6 - 3
Pass accuracy: 88% - 82%
Corners: 5 - 2
??? POST-MATCH REACTIONS
"We showed great character," said the winning coach. "The team never gave up."
The losing side rued missed opportunities but vowed to come back stronger.