Bitcoin longs cut $106M — Are Bitfinex BTC whales turning bearish above $86K?

Quick Summary:

Despite Bitcoin (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.

Source: TradingView / CointelegraphBitcoin margin longs on Bitfinex stood flat at 80,400 BTC between April 10 and April 17, indicating strong confidence from bullish traders as this level neared a seven-month high.

Historically, Bitfinex traders are known for rapidly opening or closing substantial Bitcoin margin positions, indicating that whales and large arbitrage desks are typically behind these movements.

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Article Details

Author / Journalist: Cointelegraph by Marcel Pechman

Category: Crypto

Markets: United StatesChina

Topics: Longs Margin Bearish Traders April Price Bitfinex Positions Bitcoin Whales Bitcoin’s

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-21 @ 15:21:28 (5 days ago)

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Article Length: 710 words

Reading Time: 4 minutes read

Sentences: 33 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coin Telegraph

News ID: 28101436

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About Coin Telegraph

Main Topics: Crypto

Official Website: cointelegraph.com

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