Interesting Obeservation: Bitfinex Margin USD Loans Above $100 Million - New Record High!

in #bitcoin7 years ago (edited)

Bitcoin just broke above $3600 on most major exchanges in the USA, Europe and Asia, but the concerning thing is that margin traders on Bitfinex have borrowed a record 112.78 million USD to enter into speculative positions:

bfx_longs

What happens when all those longs start closing their positions??

Sort:  

Welcome to join in steemit.
Other than as a medium that generates wages, here we also share stories, life, experiences and other useful things, therefore we must support each other.

Since you have just joined the steemit community, it will be difficult to receive many upvotes so you have to be patient with it. Good luck here and help each other. thank you follow me please

Coin Marketplace

STEEM 0.15
TRX 0.12
JST 0.026
BTC 55030.03
ETH 2337.21
USDT 1.00
SBD 2.32