Despite Bitcoin's Rebound... Whale Investors Maintain Altcoin Short Positions

Son Min

Summary

Bitcoin has surpassed $85,000, but it was reported that whale investors are still maintaining altcoin short positions.
The on-chain data analysis platform Alphractal stated that whales are closing their altcoin long positions.
Whales are known to predict the market accurately, suggesting the possibility of further declines in altcoins.

As Bitcoin (BTC) surpassed $85,000, an analysis has emerged indicating that whale investors are still maintaining short positions on altcoins.

On the 2nd (local time), the on-chain data analysis platform Alphractal stated on X, "Bitcoin has surpassed $85,000, but most whales are closing their altcoin long positions and maintaining short positions." It further suggested the possibility of additional declines in altcoins, noting that "whales tend to predict the market more accurately than individual investors."

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