TradingView data shows Bitfinex bitcoin margin longs rose to 80,636 BTC, the highest since December 2023, despite bitcoin falling for five straight trading days from May 15 to 19.
Longs increased about 1.5% in recent days and roughly 10% year-to-date, while bitcoin is down 13% this year and has slipped from above $80k to around $76k
Bitcoin is now testing the True Market Mean and short-term holder realized price near $78k, with the 200-day moving average above $81k. — link