Massive Bitcoin Bets: Whales Are Ramping Up Long Positions as the Market Takes Shape

According to a report by Bijie Network: Despite the recent weak and volatile price performance of bitcoin, large institutional investors continue to accumulate long positions, indicating their bullish outlook on this flagship crypto asset. Market expert Joao Wedson's analysis shows a clear market divergence, with whales taking the lead in building positions while retail investors remain cautious. Even though there have been significant liquidations of other long positions over the past 30 days, whales are still accumulating bitcoin long positions, suggesting they are betting on the medium- to long-term outlook rather than short-term fluctuations. This could signal that bitcoin is poised to lead the market in a new upward trend.