Bitfinex's ETH longs reach highest level in over 4 years
Summary
Bitfinex has reported that its Ethereum (ETH) long positions have reached their highest point in over four years, indicating a significant bullish sentiment among traders. This surge in long positions comes as traders are increasingly rebuilding bullish bets on Ethereum in the derivatives market, particularly following recent liquidation events. Additionally, Ethereum's ongoing development, highlighted by the activation of the Glamsterdam upgrade on the Sepolia testnet, aims to assess scalability enhancements that could be pivotal for future mainnet adoption.
Tokens
$ETH
Analysis
Bitfinex: Bitfinex is a established cryptocurrency exchange platform providing spot trading, margin products, and derivatives services for digital assets. It has expanded into tokenization and securities offerings through Bitfinex Securities while securing regulatory licenses in key jurisdictions. The platform's reported positioning data underscores active trader engagement with Ethereum in the current market. Ethereum: Ethereum serves as a leading decentralized blockchain platform enabling smart contracts, decentralized applications, and ecosystem development via its native ETH token. Ongoing technical work includes testnet upgrades focused on scalability improvements such as higher gas limits. Institutional channels like spot ETFs continue to draw attention to the network. Ecosystem Development: Ethereum's Sepolia testnet has activated the Glamsterdam upgrade to evaluate enhanced scalability features ahead of potential mainnet adoption. Derivatives Positioning: Traders are actively rebuilding bullish bets on Ethereum in the derivatives market following recent liquidation events.
Categories
ethereumperpscryptodefi
Related sources
- https://ethereal.news/
- https://cryptonews.net/news/ethereum
- https://x.com/i/status/2109230240421564910
- https://www.tokenpost.com/tag/ethereum
- https://blog.bitfinex.com/bitfinex-securities/tokenisation-should-serve-companies-not-just-traders/
- https://ambcrypto.com/ethereums-177m-long-squeeze-sparks-concerns-can-eth-hold-above-2-1k/
- https://x.com/i/status/2109229917095575712
- https://x.com/CoinPostMedia/status/2108490905011278150
- https://x.com/i/status/2109229607463371155
- https://swolecharts.com/bitfinex-longs-shorts/ETH
- https://www.coinbird.com/cryptocurrencies/ethereum/news
- https://primexbt.com/news/ethereum-long-squeeze-tops-177-million-as-traders-rebuild-bullish-bets/
- https://blog.bitfinex.com/announcements/change-log-version-1-137/
- https://x.com/i/status/2109230287444222217
- https://blog.bitfinex.com/category/bitfinex-alpha/
- https://www.coindesk.com/tag/ethereum/441
- https://blog.bitfinex.com/category/announcements/
- https://www.thecoinrepublic.com/2026/10/09/bitcoin-news-u-s-moves-1b-btc-from-bitfinex-seizure-wallet/
- https://www.tokenpost.com/news/investing/24510
- https://x.com/i/status/2109229683082399867