Bitfinex's Bitcoin margin long positions have increased by 42% in the past three months, as traders add to their positions on dips

During the market pullback, traders on Bitfinex continued to increase their holdings of Bitcoin, with the number of Bitcoins purchased using borrowed funds rising to 70,714, up from about 50,000 Bitcoins in early August. Additionally, over the past three months, margin long positions on Bitfinex have increased by 42%, highlighting the continued market confidence, even as the market is heading towards its weakest monthly performance since June 2022.