Bitfinex whales' $BTC short positions have further decreased.
Their short-term bearish bets are closing.
Their main bet is long. The amount of long positions has exceeded 90k. https://t.co/CrMwKIxR7u
Bitfinex whales' $BTC short positions have further decreased.
Their short-term bearish bets are closing.
Their main bet is long. The amount of long positions has exceeded 90k. https://t.co/CrMwKIxR7u
Bitfinex whales' $BTC short positions are decreasing further. https://t.co/Vd8iBvTvFV
The $BTC long position amount held by Bitfinex whales has been maintaining a certain level since yesterday.
Once their long positions begin to decrease, the rally for $BTC will resume.
We are currently at a very important point. https://t.co/YVuYfKWxFw
1. Hyperliquid whales shift to a bullish stance
2. Bitfinex whales finish buying $BTC long positions
3. The negative premium of the Kimchi Premium and the Coinbase Premium disappears
A rally begins when these three conditions are satisfied.
A relatively calm week in the crypto market, after #Bitcoin fell significantly last week, and many #Altcoins also developed some bearish volatility...
...since further sell-offs have so far been absent, the bottom might already be in place?
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Bitcoin (BTC) is a digital asset and a payment system invented by Satoshi Nakamoto who published a related paper in 2008 and released it as open-source software in 2009. The system featured as peer-to-peer; users can transact directly without an intermediary. Transactions are verified by network nodes and recorded in a public distributed ledger called the blockchain. The ledger uses bitcoin as its unit of account. The system works without a central repository or single administrator, which has led the U.S. Treasury to categorize bitcoin as a decentralized virtual currency. Bitcoin is often called the first cryptocurrency, although prior systems existed. Bitcoin is more correctly described as the first decentralized digital currency. It is the largest of its kind in terms of total market value by now.