Bitfinex Longs Dominate Shorts, But Is This Bullish or Bearish For Bitcoin?

The cryptocurrency exchange known as Bitfinex is often the playground chosen for many whale traders, who take up large positions in Bitcoin and other cryptocurrencies using leverage to amplify their returns.
Typically, the ratio between longs and shorts is somewhat similar, with a slight edge going to longs due to how overly bullish crypto investors tend to be. However, the balance between the two types of traders has spiked in one direction, causing longs to completely dominate shorts on the pl