A whale on a certain exchange holds 72,000 long bitcoin positions.
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On January 11, crypto analyst CW pointed out that according to whale position data from a certain exchange, the platform's bitcoin long positions are approximately 72,000 BTC, while short positions are only 286 BTC. CW mentioned that a similar situation occurred last April, when bitcoin was at its yearly bottom range of $74,000. CW believes that the current position distribution indicates that whales on this exchange are optimistic about the future market trend.
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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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