Bitfinex ETH longs climb to their highest level in over four years

What happened

The surge in Bitfinex ETH longs suggests heightened market optimism, but it also raises the risk of a long squeeze if prices decline. Long positions on the exchange have reached their highest level in more than four years.

Long positions surged 157% over just seven days, according to the margin data. The post Bitfinex ETH longs climb to their highest level in over four years appeared first on Crypto Briefing .

11, 2026 Margin traders on Bitfinex are leaning hard into Ethereum . As of October 11, 2026, Bitfinex margin data showed approximately 283,410 ETH in longs.

That works out to roughly $709 million at current prices, the largest bullish bet on the platform since at least 2022. The numbers behind the bet A margin long is a leveraged wager that a price will rise.

Bitfinex longs sat at around 82,500 ETH in late August. The jump to more than 283,000 ETH since then is substantial, and much of it happened quickly.

The current tally sits just below the 90-day peak of 283,598 ETH, recorded on October 8. Bets against ETH on Bitfinex have dwindled to approximately 3,530 ETH, or about $8.8 million.