Bitcoin longs cut $106M — Are Bitfinex BTC whales turning bearish above $86K?
Despite Bitcoin’s (BTC) price reaching its highest level in over three weeks, traders on Bitfinex reduced their leveraged long (bullish) positions on margin contracts by more than $100 million between April 17 and April 19. This reduction has led to speculation that Bitcoin whales may be anticipating a price correction or, at the very least, are not confident in further short-term gains. Let’s look closer at whether this could be the case.
Read the full article at cointelegraph.com
Source: cointelegraph.com
Published: April 21, 2025
