According to the latest data from datamish, Bitfinex’s giant whales have unexpectedly closed their long positions in Bitcoin (BTC) worth about 12,000 BTC. This is the largest such move by the exchange since June of last year.

The sudden closure of the long positions by the whales at Bitfinex has attracted the attention of traders and investors in the crypto community. The cost of this position in BTC terms is estimated to be in the range of $25,000 to $35,000, which is a significant amount for any investor.

This move has raised questions about the potential reasons for such a sudden closure of positions by the whales at Bitfinex. While there is no concrete information available on this as of yet, some analysts speculate that it may be a sign of a potential correction in the Bitcoin market or a shift in market sentiment.

Despite the closure of these long positions, Bitfinex still has 93,448 BTC long positions, indicating that the exchange remains bullish on the long-term prospects of Bitcoin. Additionally, the short positions on Bitfinex are at a low level that has not been seen in nearly a year.

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This news has sent ripples across the crypto market, with traders and investors keeping a close eye on the movement of BTC prices. The closure of the long positions by Bitfinex’s giant whales is a significant event that has the potential to impact the overall market sentiment towards Bitcoin.

It remains to be seen how this move will impact the price of Bitcoin in the short term. However, it is clear that the crypto market is closely monitoring this development, and further analysis and insights are expected to emerge in the coming days.

The sudden closure of long positions by Bitfinex’s giant whales highlights the importance of monitoring market trends and movements closely. As the crypto market continues to evolve, investors and traders need to stay vigilant and be prepared to adapt to changes in market sentiment and behavior.

#Bitcoin #BTC #Whale #Bitfinex #azcoinnews

This article was republished from azcoinnews.com

#Cryptocurrencies have been making headlines for years, with their volatility and potential for high returns attracting investors worldwide. However, this asset class is not without its risks and uncertainties, as demonstrated by recent market fluctuations. One such example is the dip in the Arbitrum token that has led to a buying frenzy among whale investors.

#Arbitrum is a layer-2 scaling solution for Ethereum that allows faster and cheaper transactions. The Arbitrum token (ARB) is the native currency used to pay for transaction fees and provide security for the network. Recently, the ARB price has experienced a dip, which has triggered a response from whale investors.

#Whale investors are large players in the cryptocurrency market who hold significant amounts of digital assets. They have the potential to influence market trends and prices due to their buying power. In response to the dip in the ARB price, whale investors have gone on a buying spree, potentially leading to a price support level for #ARB

This buying frenzy among whale investors is a common occurrence in the cryptocurrency market. When a coin experiences a dip in price, investors may see it as an opportunity to buy at a lower cost, with the hope of selling at a higher price later on. Whale investors, with their deep pockets, can capitalize on this opportunity by buying large amounts of the coin, potentially driving up the price and creating a support level.

The potential for a price support level for ARB is a positive development for investors, as it could indicate a rebound in the token's value. However, it's important to note that cryptocurrency investments carry inherent risks, and the market can be unpredictable. Investors should do their due diligence and consult with financial advisors before making any #investment decisions.

In addition, the buying spree among whale investors could potentially have long-term implications for the ARB price. If the support level holds, it could lead to increased investor confidence in the token and further investment. However, if the support level is breached, it could result in a significant drop in price.

Overall, the buying spree among whale investors in response to the dip in the Arbitrum token is an interesting development in the cryptocurrency market. It remains to be seen whether this will result in a price support level for ARB, but it's a promising sign for investors who are looking to capitalize on the potential for high returns in the digital asset space.

SingularityNET (AGIX) has been one of the most exciting assets in the cryptocurrency market this year, with an astonishing jump of +1,109% over the five-week stretch of January 3rd to February 6th, according to data by Santiment. However, after this impressive rise, the price of AGIX has been choppy and uncertain.

Now, a massive transaction of 100M AGIX, worth approximately $50M, was made from one of the largest known exchange addresses to another. This transaction is the largest made on the network in 14 months, and it has sparked curiosity and speculation among investors.

The sending address of the transaction holds a combined $9.92B in altcoins, with its largest portion in BUSD, and it has been increasing its stake in AGIX massively throughout the past year. On the other hand, the receiving address holds a combined $1.23B worth of altcoins, and its historical accumulation of AGIX had led to price drops in the past.

It’s important to note that both addresses involved in the transaction are exchange addresses, which could indicate simple asset shuffling. However, given the amount of money involved and the history of these addresses, investors are closely monitoring the price action of AGIX in the coming days.

SingularityNET currently sits as the 75th largest market cap asset in the crypto market, and the recent transaction has added to the uncertainty surrounding its price. While the $50M transfer could be interpreted in different ways, investors are waiting to see how it will affect the market and whether it will lead to a surge or drop in the price of AGIX.

#AGIX #SingularityNet #Whale #azcoinnews #GPT-4

This article was republished from azcoinnews.com

According to the Twitter account Lookonchain, a mysterious whale saved tens of millions of dollars in cryptocurrency after the infamous events in the crypto market in early November of last year.

Furthermore, this investor made a tidy return when USDC stablecoin was on the verge of de-pegging from USD. This whale was fortunate to withdraw 4 million USDC and 10,646 Ether (approximately $19 million) from the controversial cryptocurrency exchange FTX before withdrawals were suspended in early November 2022.

Back then, investors and creditors could not recover billions of dollars in cryptocurrency from FTX, which ultimately declared bankruptcy.

With the recent upheaval created by the closure of many big crypto-friendly institutions in the United States and the resulting blow to stablecoins, this whale made almost $200,000 in USDT. In contrast, the USDC stablecoin nearly lost its USD peg.



This SmartMoney wallet moved 7,868 ETH (about $14 million) to the Binance exchange. The @lookonchain Twitter account wonders who this whale is because the transactions detailed above may indicate that he had some insider information (at least about the upcoming crash of FTX). Still, there is no data to confirm that at the time.

#FTX #USDC #ETH #Whale #azcoinnews

This article was republished from azcoinnews.com