🚨🚨 Macroeconomic trends and regulatory changes could drive future growth, with BTC very close to returning to six figures.🚀📈📈
The price of Bitcoin has risen 8% since its low on March 11 of $76,703, partly driven by large investors aggressively buying the dip with leverage.
Long margin positions on Bitfinex surged to their highest level since November 2024, adding 13,787 BTC in 17 days. Currently sitting at $5.7 billion, this bullish leveraged positioning indicates confidence in Bitcoin's upside potential despite the recent price weakness.