Bitcoin Longs on Bitfinex Jump 40% in Three Months as Traders Double Down on Dip

Markets Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Bitcoin Longs on Bitfinex Jump 40% in Three Months as Traders Double Down on Dip Rising margin bitcoin longs show confidence despite bitcoins ongoing correction. By James Van Straten | Edited by Oliver Knight Updated Nov 24, 2025, 11:21 a.m. Published Nov 24, 2025, 11:21 a.m. BTCUSD Longs (TradingView) What to know : Margin longs on Bitfinex are up 42% in three months while BTC is down 26%, indicating persistent accumulation despite significant market weakness. The position has reached the 70,000 BTC level three times since 2024 and each previous occurrence aligned with a major market bottom, adding weight to this latest build up. Bitcoin BTC $ 86,169.11 has logged six down weeks out of the past seven, falling roughly 35% from $126,500 in October to around $81,000 before slightly recovering to above $85,000. Throughout this correction, traders on Bitfinex continued to accumulate, lifting the amount of bitcoin bought with borrowed funds to 70,714 BTC. This is up from 50,000 BTC at the start of August. STORY CONTINUES BELOW Don't miss another story. Subscribe to the Crypto Daybook Americas Newsletter today . See all newsletters Sign me up By signing up, you will receive emails about CoinDesk products and you agree to our terms of use and privacy policy . According to TradingView data, margin longs have climbed 42% over the past three months while bitcoin has fallen 26%, highlighting continued confidence even as bitcoin is on track for its weakest monthly performance since June 2022. This marks the third time since September 2024 that the Bitfinex whale has expanded their margin long position to around 70,000 BTC. The previous two instances aligned with major market bottoms. The first occurred in August 2024 during the yen carry trade unwind when bitcoin fell toward $49,000, followed by a reduction in the position as bitcoin rallied to $100,000 after President Trump won the election in November 2024. The second occurred in April 2025 during the tariff tantrum when bitcoin dropped to about $76,000, then rebounded toward $120,000 in June as the whale reduced exposure. Over the past five years, the bitfinex whale has also timed key reversals in the 2022 bear market and gradually reduced their long exposure throughout the 2023 rally. Bitcoin News Bitfinex More For You Protocol Research: GoPlus Security By CoinDesk Research Nov 14, 2025 Commissioned by GoPlus What to know : As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M. GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month. Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B. View Full Report More For You China Returns as Third Largest Bitcoin Mining Hub With a 14% Share: Reuters By James Van Straten , AI Boost | Edited by Oliver Knight 44 minutes ago Underground activity expands as cheap power, miner demand and softer policy signals support a renewed mining push in key provinces in China. What to know : China has climbed back to roughly 14% of global bitcoin mining, driven by low cost electricity and excess data center capacity in regions such as Xinjiang. Rising domestic mining rig sales and softer policy signals indicate that underground mining activity is expanding despite the official ban. Bitcoin hashprice recently fell to a new all time low because of weaker prices, low transaction fees and elevated network difficulty which continue to pressure miner revenue. 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