Since Could 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 elevate a crimson flag, particularly in gentle of Bitcoin’s worth decline from $39,000 to beneath $25,000 over the identical interval.
Merchants trying to leverage their place in cryptocurrency had borrowed over 105,000 Bitcoins. Presently, the reason for this anomaly is unknown, in addition to the variety of entities concerned within the commerce.
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