Bitcoin longs cut $106M — Are Bitfinex BTC whales turning bearish above $86K?

Despite Bitcoin (BTC) price reaching its highest level in over three weeks, traders on Bitfinex reduced their leveraged long (bullish) positions on margin contracts by more than $100 million between April 17 and April 19. This reduction has led to speculation that Bitcoin whales may be anticipating a price correction or, at the very least, are not confident in further short-term gains. Let’s look closer at whether this could be the case. Bitfinex Bitcoin whales remain bullishBitcoin surged above $86,000 on April 21 after US President Donald Trump openly discussed the possibility of replacing Federal Reserve Chair Jerome Powell source: https://cointelegraph.com/news/bitcoin-longs-106m-bitfinex-btc-whales-bearish-86k?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound