Altcoin Daily
Bitfinex whale wallets are positioned massively long on Bitcoin, a signal that the most sophisticated money on one of the most professional exchanges in the world is betting on higher prices. Despite Bitcoin trading near $75K — down on the day — key market structure has not been broken, and support has just been back-tested successfully.
Bloomberg's senior ETF analyst Eric Balchunis noted that even amid heavy selling pressure, the market is absorbing it — Bitcoin is holding up surprisingly well. That kind of price resilience under distribution is a textbook sign of underlying demand.
The macro backdrop adds weight to the setup: the Russell 2000 and S&P 500 are already in expansion mode, and historically Bitcoin has followed small-cap risk appetite higher. With Bitfinex whales positioned long and structure intact, analysts are framing this as a continuation setup, not a breakdown.
WatcherGuru
CryptoSlate
Lookonchain
Benjamin Cowen