Analysis: Bitfinex Whale Activity Cools as Long Positions Retreat, Market Structure Shift May Herald Expansion Phase

Odaily News TradingView data shows that the BTC long positions held by Bitfinex whales began to decline after peaking at nearly 73,000 BTC in late December last year. Historically, this behavior has, in some cases, cleared excessive market leverage and preceded new upward trends. Market observer MartyParty noted that similar whale behavior in the past has signaled expansion phases, not prolonged downturns.

Furthermore, CryptoQuant on-chain data indicates that whale wallet holdings of BTC decreased by approximately 220,000 during 2025. CryptoQuant analyst CryptoZeno stated that BTC appears to be transitioning from a whale-dominated accumulation phase to a phase supported by a broader range of participants. CryptoQuant previously mentioned that much of the whale activity around the $90,000 level reflects portfolio rebalancing rather than direct bearish bets. (Financefeeds)