Putin’s optimistic statements about the Ukraine crisis bitcoinAlthough the risk appetite in ‘ increases, not everyone is in bull mode.
bitcoin As we continue to trade at the $40,000 limit, we see Bitfinex whales preparing for a massive drop.
Bitfinex shorts rose 234% as the price rose to $40,000, the highest one-day increase seen in recent times.
These whales are aggressive bitcoin When we look at the historical data on shorts, we see that sometimes they know about dumps in advance and take positions accordingly, and sometimes they stay in reverse.
Although this data does not mean that a dump will come by itself, it shows that someone is preparing a big dump.
One analyst, noting the sharp growth in Bitfinex shorts, commented that capitulation is coming.
Responding to this comment, Bitfinex CTO Paolo Ardoino stated that this may be related to the longs of Bitfinex whales in ETH/BTC parity.
Guess it’s Finex ETH/BTC long 🐳 https://t.co/mZvbgp4fLw
— Paolo Ardoino (@paoloardoino) March 11, 2022
Note* This data alone does not mean anything about the direction of the market.
*Not Investment Advice.