Bitcoin may face sharp volatility after long positions on Bitfinex reached their highest level since April 2025. Analyst Crypto Bullet released a three-day chart showing Bitcoin near a key zone as leverage builds rapidly.
The analyst noted that BTCUSD longs now sit inside a region that previously preceded large market moves. The recent drop from $110,000 to about $85,000 shaped the current setup, creating renewed attention on major support levels. This creates a critical question: Will rising leverage trigger a bounce or expand downside pressure?
Crypto Bullet shared the chart on X, pairing Coinbase price action with Bitfinex BTCUSDLONGS data. The image displayed Bitcoin’s multi-month structure using a three-day timeframe. The upper panel revealed three strong rallies between early 2024 and late 2025. Each one developed after the consolidations. Repeated blue arrows marked these upward bursts across April 2024, October 2024, and mid-2025.
Additionally, shaded regions captured recurring market phases. These zones included rallies, pauses, and later breakouts. The new arrow on the right side pointed from $85,000 toward higher levels. It matched earlier reversal structures. This pointed to a similar chart setup now forming in late 2025.
The lower section of the chart showed the long-position movements on Bitfinex. The indicator advanced steeply into a grey resistance band near 71,612. It matched past peaks recorded in September 2024, March 2025, and May 2025. Red arrows documented how each rise was followed by sharp unwinds. These shifts matched Bitcoin’s turning points.
BTC traded near $85,000 after falling away from the $110,000 region. The analyst marked this zone as an early rebound area. Earlier patterns showed similar setups leading to upside attempts. Yet rising long exposure also added uncertainty.
Moreover, the first major support now sits near $84,500. That level aligns with a trendline connecting higher lows from 2023 and 2024. A breakdown could expose April’s low near $74,500. Furthermore, the 2021 peak near $70,000 emerges as the next key zone if pressure expands.
Macro conditions added new risks. Japan’s fiscal strain continued to weigh on market sentiment. The dollar index and Treasury yields stayed strong despite expectations of rate cuts. Spot ETF flows recently shifted into outflow territory. These elements provided signals often linked to uncertainty.
Also Read: Crypto Market Slides as BTC Drops Under $90,000 on Rising Risk Aversion
Ether tracked weaker momentum during the same period. The asset triggered a death cross as its 50-day simple moving average moved below the 200-day average. This pattern signalled a short-term trend losing strength relative to the long-term line. The structure aligned with conditions often seen before deeper declines.
Nevertheless, both charts showed clear technical thresholds. Bitcoin’s leverage zone and Ethereum’s trend structure created a shared environment. Traders now track these patterns as markets approach major inflection points.
Bitcoin long positions have returned to levels last seen in April 2025, placing the market at a critical technical phase. Rising leverage, key support zones, and macro pressures shape a volatile outlook for BTC and ETH. Traders should monitor support breaks and trend signals as conditions tighten.