As of February 19, 2025, Bitfinex’s Bitcoin margin long positions reached 5.1 billion USD. This increase has led analysts to predict a potential bull run for Bitcoin.

Since February 5, 2025, Bitcoin’s price has hovered around 96,000 USD, which poses questions about the market dynamics behind the significant rise in long positions.

The sustained low interest rates for borrowing Bitcoin on Bitfinex appear to be driving the surge in margin long positions, hinting at whale activities or strategic speculation by traders.