Historically, spikes in Bitfinex BTC/USD longs have acted as a contrary indicator.
Bullish bitcoin long positions on Bitfinex have climbed to 79,343, the highest level since November 2023. Historically, spikes in Bitfinex BTC/USD longs have acted as a contrary indicator, often coinciding with price tops and preceding sell-offs.
The latest surge in longs, combined with macro factors, point to a growing risk that bitcoin’s bear market could deepen.But, bulls, hold your cheers, as this metric has become a textbook "contrary indicator" over the years, with upswings characterizing bitcoin's price downtrends.The number of BTC/USD longs has increased to 79,343, the highest since November 2023, according to data source CoinDesk. Rising bullish bets usually signal growing upside pressure – a positive read. But historically, the market has done the exact opposite, falling just as Mother Nature turns sunny forecasts into storms. For instance, the number of BTC/USD longs rose 30% in the final quarter of 2025 as BTC's spot price tanked 23% to $87,550. Similar patterns have been observed in recent years, as seen below.BTC's price bottoms when Bitfinex longs peak – and rallies as they decline. Price tops hit when longs bottom out, then prices slide as longs climb.So, the latest uptick in longs suggests that bitcoin's choppy price action between $65,000 and $75,000 could soon end with a sell-off, deepening the downtrend that began above $100,000 last year. It goes without saying that past results are no guarantee of future results.As stablecoins evolve into core financial infrastructure, North America leads. This report maps the regulation, market shifts, and players driving adoption.Stablecoins are entering their third phase of evolution - the institutionalization era - becoming increasingly embedded into core financial infrastructure. As institutions prioritize transparency and compliance, regulated issuers like USDC, RLUSD, and PYUSD are steadily gaining share with RLUSD surpassing $1B in market cap within its first year. North America, leading in regulatory frameworks and institutional distribution, is at the center of it all. The proposed restriction on yield would shift value toward regulated players and away from decentralized finance' tokens, 10x Research's Markus Thielen said.The CLARITY Act would ban yield on stablecoins, redefining them as payment tools, not savings products. The proposal, if passed, could re-centralize yield into traditional finance and regulated products, creating a headwind for decentralized finance , 10x Research's Markus Thielen argued.Mar 28, 2026
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