Since Might 2022, the (BTC) Bitfinex change’s margin markets had been plagued with unusually excessive open curiosity of over $2.7 billion. This data alone ought to elevate a pink flag, particularly given Bitcoin’s worth decline from $39,000 to under $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 and the variety of entities concerned within the commerce are unknown.
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