![Why did 12K Bitcoin margin longs close at Bitfinex, and why didn’t it impact BTC price? Why did 12K Bitcoin margin longs close at Bitfinex, and why didn’t it impact BTC price?](https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=1200/https://s3.cointelegraph.com/uploads/2023-03/769f0834-0110-48aa-a209-71d4e7a91682.jpg)
Since May 2022, the Bitcoin (BTC) margin markets on the Bitfinex exchange have been plagued by an unusually high open interest of over $2.7 billion. This information alone should raise a red flag,…
![Bitcoin may only need 4 weeks to hit K as key monthly close looms Bitcoin may only need 4 weeks to hit K as key monthly close looms](https://s3.cointelegraph.com/uploads/2023-02/6ab1d3ca-1446-46d8-aa95-d1198335fe11.jpg)
Bitcoin (BTC) sought to end the week above $23,000 into the Feb. 26 close as concerns heightened over stubborn resistance. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC price bulls keep faith in…