Bitcoin (BTC) whales holding long BTC positions on Bitfinex suddenly cashed out on March 25 at around 13:00 UTC, according to data from Datamish.
These wallets have been dormant since June 2022, and their aggregate value sits at 12,000 BTC, as the data indicates. This movement represents a small segment of investors who are motivated to exit their long and short BTC positions to take advantage of the recent price pump.
Bitfinex exits
The cash out on March 25 marks the most significant change in BTC’s long positions since June last year. The chart below represents the volume of long BTC positions since May 2022.
Author: Zeynep Geylan
Did you like this?
Tip BTC Newswire with Cryptocurrency
Tip BTC Newswire with Cryptocurrency
Donate Bitcoin to BTC Newswire
Scan the QR code or copy the address below into your wallet to send some bitcoin:
Donate Bitcoin Cash to BTC Newswire
Scan the QR code or copy the address below into your wallet to send bitcoin:
Donate Ethereum to BTC Newswire
Scan the QR code or copy the address below into your wallet to send some Ether:
Donate Litecoin to BTC Newswire
Scan the QR code or copy the address below into your wallet to send some Litecoin:
Donate Monero to BTC Newswire
Scan the QR code or copy the address below into your wallet to send some Monero:
Donate ZCash to BTC Newswire
Scan the QR code or copy the address below into your wallet to send some ZCash:
