Bitcoin price started to rise after the new comments of Russian President Vladimir Putin, who said that there are “positive changes” in the Ukrainian dynamic during his meeting with his Belarusian counterpart Aleksandr Lukashenko. However, some experts watching Bitfinex from major exchanges report an explosion in short positions…
Bitcoin has lost 8% in just three days
Bitcoin, the largest cryptocurrency by market cap (BTC) ), has begun to experience selling pressure more frequently in recent days. Since March 9, we’ve seen BTC drop almost 8% from $42,540 to $39,072 on Bitstamp. After the positive comments of Russian President Vladimir Putin, while the crypto market is on the rise along with the global markets, experts report that the short positions of the Bitfinex stock market have exploded…
“Bitfinex BTC shorts are exploding ”, what does this herald?
Two crypto analysts shared that the number of BTC shorts on the Bitfinex exchange is increasing rapidly. The Datamish platform, which collects data on long or short positions in crypto, was highlighted by Chinese crypto writer Colin Wu and on-chain expert Cole Garner. Wu says that a lot of big investors (perhaps financial institutions) have shorted about 1,500 Bitcoins in the past few hours to go short. The Chinese news source states that a total of 3,063 BTC had been shorted by the time the tweet was posted. Tweeting a screenshot of a Datamish graph, Garner said that capitulation is on the way:
Whale Alert discovered three crypto transactions containing large amounts of Bitcoin
According to several tweets by Whale Alert, in the last 10 hours various large Bitcoin shards (10,000 each) from publicly traded US-based crypto exchange Coinbase. close to BTC) has been removed. Over $1.17 billion in cryptocurrencies transferred to anonymous wallets. Each transaction totaled between 9,850 and 9,900 BTC, totaling more than 30,000 Bitcoins.
Previously, Whale Alert discovered that a total of 2,102 BTC was transferred from anonymous wallets to Coinbase in two transactions: 1,440 BTC and 662 BTC. In fiat terms, this cryptocurrency amount is worth $81.4 million.
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