Bitfinex 'Whales' Accumulating 450 BTC in Long Positions Daily
CryptoNewsTerminal Staff04 Aug, 2024
Bitfinex 'Whales' Accumulating 450 BTC in Long Positions Daily
Analysts at Blockstream led by Adam Back have shared via Twitter that "Bitfinex Bitcoin margin market whale players are accumulating 450 BTC in long positions per day. This is equivalent to the daily Bitcoin block reward." The analysts added that "Bitfinex whales have billions in collateral and have historically held as much as 110k BTC through bear market bottoms. No need to worry about margin calls."
