Bitfinex whales closing $BTC long positions may signal a potential Bitcoin rally, similar to previous cycles in 2024 and 2025.
Bitfinex whales are doing the cha-cha-cha… and it might just be a prelude to a Bitcoin rally! ๐บ๐ธ
This move comes after similar actions in October 2024 and April 2025, which led to sharp price increases. With Bitcoin consolidating around the $90,000 mark, the question is whether this pattern will play out again. ๐ค
Cyclical Patterns in Bitcoin Long Positions
Bitfinex whales have started closing their long positions. The last time this happened, $BTC rallied by 35% in just 6 weeks! Bitcoin long positions on Bitfinex have shown consistent cycles of decline and recovery over the years. ๐
Bitfinex Whales have started to close their long positions.
Last time this happened, rallied 35% in just 6 weeks!
– Mister Crypto (@misterrcrypto) ๐
After each sharp drop in long positions, Bitcoin tends to recover, signaling renewed confidence in the market. ๐
This cyclical pattern suggests that large investors adjust their positions based on market conditions, often leading to increased long positions after corrections. ๐
Historically, these cycles indicate that whale behavior has a strong influence on Bitcoinโs price movements. ๐
When whales liquidate long positions, it often triggers a price dip. However, after these dips, Bitcoin price stabilizes, and long positions start to rise again, hinting at a potential rebound. ๐ง
The current decline in long positions mirrors previous downturns, suggesting that a recovery could follow. ๐ค
If this cycle repeats, Bitcoin may be poised for a price increase. Many traders are closely watching the market, looking for signs that this upward trend will start once again. ๐ง
Support and Resistance Levels for Bitcoin Long Positions
Bitcoin long positions on Bitfinex have clearly defined support and resistance zones. Support is typically found between 50-55 million contracts, where long positions bounce back after falling to this range. ๐ง
This indicates that large holders view this level as a favorable entry point during market dips. ๐ฏ
Resistance is found above 70 million contracts, where the market tends to reverse course. Once Bitcoin long positions reach this level, whales often sell off some of their holdings, causing the price to pull back. ๐ซ
This resistance suggests that the market is unable to break past these levels without further adjustments. ๐คฏ
These support and resistance levels help traders predict future movements. ๐บ๏ธ
If long positions continue to stay within these ranges, Bitcoin may remain within a consolidation phase. ๐ง
Breaking through resistance could trigger a new rally, while a drop below support would likely lead to further correction. โ ๏ธ
Related Reading: Tether Buys the Dip? 961 BTC Moved from Bitfinex, Unrealized Profit $4.5B
Whale Moves Hint at Upcoming Bitcoin Rally
TedPillows, a top market analyst, has been closing their long positions, adding to recent changes in the market. ๐งโ๐ป
The activity of large players like TedPillows often signals shifts in market sentiment, with their moves having an impact on Bitcoinโs price. ๐คฏ
When such whales close positions, it usually indicates caution or a planned market adjustment. ๐ง
Bitfinex whales have started closing their long positions.
Last 2 times this happened were in October 2024 and April 2025, which led to a good rally.
– Ted (@TedPillows) ๐
TedPillowsโ actions fit into a broader pattern of Bitcoin whale behavior. In past cycles, similar actions led to short-term price declines, followed by stronger rebounds. ๐โก๏ธ๐
This has led many analysts to watch TedPillows closely for signs of a possible market shift. ๐ต๏ธ
Whales like TedPillows hold enough influence to set trends in Bitcoinโs price movements. As long positions decrease, traders expect the price to stabilize or potentially drop. ๐
However, if the trend reverses and whales begin to accumulate again, Bitcoin could see a renewed rally. ๐
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2026-01-10 13:16