Bitfinex’s recent shift in leveraged Bitcoin long positions has reached its lowest level since December 2024, sparking speculation about a potential bullish trend for the cryptocurrency. João Wedson, CEO of Alphractal, notes that this decline could signal future price increases as it coincides with Bitcoin’s substantial rise from $75,000 to over $110,000. 47,691 contracts are currently held on Bitfinex, the lowest point since December 2024, according to reports. Wedson suggests that such declines historically precede Bitcoin price gains and highlights their significance in driving market momentum. This shift coincides with a substantial surge in Bitcoin’s value. The decline has not only impacted Bitcoin directly but also ripples through derivatives markets, as Bitfinex’s weekly report reveals record $49.4 billion in options activity. 75% of the volume is attributed to institutional participants, according to the report, which signals a broader market shift.