Bitfinex Whale Accumulates at a Rate of 400 to 600 BTC Daily, Deems Current Price Level Suitable for Adding Positions

Odaily News: Benson Sun, founder of coinkarma, posted on X that a Bitfinex whale has recently been accumulating Bitcoin at a rate of 400 to 600 BTC per day. An OTC desk recently injected approximately $300 million worth of USDT into Bitfinex. This marks the most aggressive accumulation record for Bitfinex since the market bottomed on November 20 last year. This behavior typically indicates strong selling pressure in the market, resulting in minimal price impact from the accumulation, and suggests the relevant entity believes the market has entered a new phase. Currently, the entity deems it reasonable to add positions at the current price level.