Whales on Bitfinex have increased their long positions by 10,000 BTC during this round of Bitcoin's correction
PANews reported on July 8th, according to CryptoSlate, Bitcoin is still in a period of consolidation, stabilizing around the $57,000 mark. Notably, Bitfinex whales have significantly increased their long positions and currently hold 58,595 Bitcoins. This marks an increase of over 10,000 BTC from the group's position level of 48,455 BTC on June 13th (when the price of Bitcoin was $66,000).
Meanwhile, since market adjustments began on June 7th there has been a slight increase in short positions. This suggests that market sentiment is becoming cautious and traders are still considering shorting Bitcoin during this correction phase.
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