2.2% of All Ethereum Is Long on Bitfinex: 3 Reasons Why This Could Go Wrong

2.2% of All Ethereum Is Long on Bitfinex: 3 Reasons Why This Could Go Wrong

Despite the ongoing retracement in the prices of Bitcoin, Ethereum, and other top cryptocurrencies, investors remain highly optimistic about this market. ETH, especially, has benefited from traders, with data from leading crypto exchange Bitfinex indicating that there are more long positions open for Ethereum than ever before.
“What. Is. Happening. 2.2% of all ETH in existence is now margin long…

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