Satoshi

Secret

Bitcoin

Adam Back

<a href="https://x.com/adam3us/status/2006686392550830303?s=20" rel="noopener noreferrer nofollow">Adam Back</a>, a man quoted in the<a href="https://u.today/japans-metaplanet-buys-4279-btc-as-2026-begins" rel="noopener noreferrer nofollow">Bitcoin</a> white paper by Satoshi himself, recently drew attention to a cryptocurrency chart that he says too many people ignore: a TradingView overlay that plots Bitfinex BTCUSD longs against<a href="https://u.today/bitcoin-news" rel="noopener noreferrer nofollow">Bitcoin’s price</a>. This chart shows how aggressively one pocket of the market adds exposure on down days, even when the price looks unstable.
Back frames the market with two lines: one "boring" line and one "ignored" line. The "boring" one is the 200-week moving average, which is currently near $57,000. The "ignored" line is the Bitfinex longs overlay, which is a demand indicator that remains effective even when the daily chart becomes noisy.<img src="https://u.today/sites/default/files/inline-images/image_3701.png" alt="&quot;&quot;">
According to Back, Bitfinex margin longs expanded from 44,000 BTC to approximately 73,000 BTC over seven months. In other words, that is a consistent accumulation rate of nearly 1,000 BTC per week. Even during weaker sessions, the adds appear in the range of 300 to 450 BTC per day. This indicates a measurable flow of dip buying.
Converted into cash, the same behavior equates to a constant bid of about $4 million per day, or about $450 per second. This is why Back treats the chart as informative. It describes a market segment that does not require a new narrative to continue buying. Continuous demand can make a floor look like it is rising.
<h2 id="what-s-with-bitcoin-right-now">What's with Bitcoin right now?</h2>
As of now, the chart shows Bitcoin near $87,987 while the Bitfinex longs series reads about $72,891, but Back argues that the longer view is even more highly anti-correlated, pointing to the build through the $15,500 bottom.
Not to forget, the Bitfinex angle here is getting extra attention alongside fresh Tether numbers since the Tether CEO and Bitfinex CTO said<a href="https://u.today/morning-crypto-report-xrp-kicks-off-2026-with-2198-liquidation-imbalance-tether-usdt-stuns-with-780" rel="noopener noreferrer nofollow">Tether accumulated 8,888.8888888 BTC in Q4, 2025</a>, including a 961 BTC withdrawal from Bitfinex.<a href="https://u.today/satoshi-associate-adam-back-reveals-secret-bitcoin-chart" rel="noopener noreferrer nofollow">Read original article on U.Today</a>

Satoshi Associate Adam Back Reveals Secret Bitcoin Chart

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