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Bitfinex Bitcoin longs hit a record-high, but does that mean BTC has bottomed? -Breaking

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Bitfinex Bitcoin has hit a new record high, but is that a sign BTC has reached its lowest point?

(BTCFor the last 28 days, ), has not been able to close at $32,000. This frustrates bulls and pushes the market further. Index of Fear and GreedBelow 10 is considered bearish. Even with June 6’s small boost, the tech-heavy Nasdaq stock market index is down 24% year-to-date.

If investors are vigilant about regulatory changes, they may be afraid after New York declared its intent to regulate cryptocurrency mining.

Bitfinex BTC Margin Longs (Blue), in BTC Contracts TradingView
Bitfinex BTC Margin Longs (blue), In BTC Contracts TradingView