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19 September 2021

Bitcoin Whales Accumulate as Bitfinex Long Calls Surge

Bitcoin Whales Accumulate as Bitfinex Long Calls Surge


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Investors appear to be re-entering the market as long Bitcoin positions increase while whales add tokens to their holdings.

Despite the bearish worst-case scenario, several fundamental factors suggest that some investors have taken advantage of the price drop to buy Bitcoin at a discount. .

More than 3,200 long positions have been created over the last week alone, suggesting that some traders have bought the dip. 

This significant number of tokens were also removed from known cryptocurrency exchange wallets, reducing the selling pressure behind Bitcoin

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