Bitfinex Margin Longs Surge to Highest Level Since 2023 as Bitcoin Falls

Bitcoin extended its losing streak to five straight trading days between May 15 and May 19, falling from above $80,000 to nearly $76,000 as broader market weakness continued to pressure prices.

Despite the downturn, margin traders on Bitfinex continued to increase their exposure. Data from TradingView indicates that Bitcoin margin long positions have climbed to 80,636 BTC, the highest reading since December 2023.

The growing number of bullish positions suggests large traders continue to accumulate even as Bitcoin struggles. Since the start of 2026, margin longs have risen about 10%, while Bitcoin has dropped 13% during the same period and remains well below its October record high of $126,000.

Source: CoinDesk