Bitcoin (BTC) has risen in BITFINEX to an impressive $ 5.1 billion in the Long Long (BULL) position on February 19. This rapid increase has made that whales are being installed for bulls. Since February 5, the mystery of this strength, which has been steadily maintained for nearly $ 96,000, will intensify. Traders are asking if this is going forward.
Bitfinex Bitcoin Margin Longs, BTC. Source: TradingView / COINTELEGRAPH
Historically, the Bitfinex trader is famous for quickly opening or closing the $ 100 million Bitcoin margin position. This suggests that whales and large arbitrage desks are active in the market. Bitfinex’s bitcoin margin has reached 54,595 BTC in almost three months. This increase is mainly led by an annual interest rate of 0.44%mainly on the platform.
Regardless of the cause of this large margin, the loan market shows a strong slope of the strong bitcoin betting. If the cost of borrowing Bitcoin is very low, market neutral arbitrage opportunities can be created, allowing traders to take advantage of low interest rates.
When compared, the annual funding rate of Bitcoin permanent future is 10%. This difference between margin market and futures creates opportunities for ‘cash and transport’ transactions. In this strategy, the trader purchases the Spot Bitcoin and at the same time sells the BTC future to benefit from the gap.
Bitcoin margin long rose, but price congestion suggests hemp.
Bitfinex’s Bitcoin Margin Long rose to 4,105 BTC in 2025. Meanwhile, Bitcoin’s price was $ 109,354 on January 20 to remove all benefits by February 5 before it recorded $ 109,354 on January 20. In the BTC margin, Longs did not move the price of Bitcoin and suggests that these transactions can be completely hedged. Derivatives or SPOT exchange transaction funds (ETF).
The trader must check the other data to check whether this trend is unique to the margin market. For example, monthly bitcoin contracts are generally traded from 5%to 10%annually due to longer consensus. In the optimistic market, it can go up to more than 20% and may fall when the merchant is weak.
Bitcoin 2 -month gift annual premium. Source: LAevitas.ch
The Bitcoin Futures Premium was lower than the 10% optimistic mark on February 3, and since then, it has been neutral. Since the price of bitcoin has not been more than $ 100,000, the demand for long positions in gifts has decreased, so optimism is limited in the margin market.
The increase in the Bitfinex Bitcoin leverage can reflect the arbitration transactions with little market impact. Nevertheless, the low borrowing rate provides a chance for traders to use leverage. But investors pay attention to the current macroeconomic conditions, which can reduce interest in promoting Bitcoin to more than $ 96,000.
relevant: Bitcoin’s price movement seems to be very manufactured -Samson MOW
At the latest US Federal Reserve Conference on February 19, we emphasized some factors that can increase inflation with “high levels of uncertainty” on economic growth for several minutes. In this environment, investors often pursue a refuge in the stock market and benefit from corporate dividends and well -capitalized technology companies.
On February 19, the S & P 500 index reached an all -time high, and another safe asset, gold, surged to $ 2,930, approaching the record level. This movement suggests that investors are positioning in inflation risks, and that assets are strengthening the potential of Bitcoin by converting assets as a global hedge supported by sovereignty funds such as Abu Dhabi’s Mu Badler in the speculative game.
This article is for general information purposes and should not be considered legal or investment advice. The views, thoughts, and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.