Bitfinex whales boost long positions by 10,000 BTC during Bitcoin correction
Bitcoin is still going through its consolidation phase of the cycle, stabilizing around the $57,000 mark. Notably, Bitfinex whales have significantly increased their long-margin positions, now holding 58,595 BTC. This marks an increase of 10,000 BTC since the low of 48,455 BTC on June 13, when Bitcoin’s price was $66,000. This level of long-margin holdings was last seen on March 1, when Bitcoin was climbing to its all-time high, and whales were strategically offloading BTC at the peak. 0 reply
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