Analysis: Bitfinex giant whales' long positions in Bitcoin are far higher than short positions, similar to the situation at the bottom in late April last year

According to crypto analyst CW, Bitfinex whale position data shows that the platform's Bitcoin long positions amount to approximately 72,000 coins, while short positions are only 286 coins.

CW noted that a similar situation occurred last April when Bitcoin was at the year's bottom range of $74,000. Therefore, CW believes that the current position distribution indicates that Bitfinex whales are optimistic about the market outlook.