Analysis: Bitfinex Whale Bitcoin Long Position far exceeds Short Position, similar to last year's April bottom situation

BlockBeats News, January 11th, according to crypto analyst CW, Bitfinex whale position data shows that the platform's Bitcoin long position is about 72,000 coins, while the short position is only 286 coins.

CW stated that a similar situation occurred in April last year when Bitcoin was at the yearly low of $74,000. Therefore, CW believes that the current position distribution indicates that Bitfinex whales are optimistic about the future market.