Stabilization of Bitcoin price aligns with equilibrium in Bitfinex interest positions

Onchain Highlights DEFINITION: Analyzing Bitcoin price in relation to Bitfinex long and short interest Bitcoin’s price and total long and short interest show a strong correlation over the past 12 months. As depicted in the chart below, Bitcoin’s price experienced a significant increase from October 2023 through March, coinciding with notable shifts in long and […] source: https://cryptoslate.com/insights/stabilization-of-bitcoin-price-aligns-with-equilibrium-in-bitfinex-interest-positions/