Dormant ETH Wallet 0x1Bb7 Sends 86,481 ETH to Bitfinex
The transfer follows a five-year dormancy, but the deposit may simply be a rebalance between Bitfinex's own wallets — not a one-way sale.
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The transfer follows a five-year dormancy, but the deposit may simply be a rebalance between Bitfinex's own wallets — not a one-way sale.
The largest accounts on one of crypto's most professional venues are positioned long while price absorbs heavy selling — a structural divergence the market has rarely printed in real time.
The divergence between leveraged positioning and spot price is the tell: longs are being added into the dip while BTC grinds against cost-basis support near $78K.
Leveraged longs on Bitfinex climbed to 80,636 BTC — up 10% year-to-date while spot BTC fell 13% — a divergence that has historically marked accumulation, not euphoria.
A wallet of unknown origin transferred 900 BTC — approximately $69.8 million at current prices — directly to Bitfinex…