Analysts speculate that Bitcoin Bull Run is ready to appeal after BitFinex rises to $ 5.1 billion. Are they wrong?
Bullcoin (BLL) on Bitfinex increased to $ 5.1 billion on February 19. This sharp increase has led to speculation that whales are the operation of the bull. The ambiguity is deeply deepened because the Bitcoin price has been fixed near $ 96,000 since February 5. Merchants ask if this indicates the bull forward.
Bitfinex Bitcoin Margin Longs, BTC. Source: Tradingvief / CointeleGRAPH
Historically, bitfinex traders are known to open or close Bitcoin margin sites at a speed of $ 100 million. This indicates whales and large arbitration offices active in the market. Currently, the Bitinex Bitcoin margin has reached 54,595 BTC, the highest level in nearly three months. This increase is largely driven at a low annual interest rate by 0.44 % provided on the platform.
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