Since Might 2022, the (BTC) Bitfinex trade’s margin markets had been plagued with unusually excessive open curiosity of over $2.7 billion. This data alone ought to increase alarm bells, particularly given Bitcoin’s value decline from $39,000 to beneath $25,000 over the identical interval.
Merchants seeking to leverage their place in cryptocurrency had borrowed over 105,000 Bitcoins. Presently, the reason for this anomaly and the variety of entities concerned within the commerce are unknown.
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