Bitfinex whales cut BTC longs as analysts flag Wyckoff 'spring' and $135K target

Bitcoin whales on Bitfinex have begun reducing long positions in BTC, a move described in coverage as a classic bull signal after a year of declining overall market exposure.

TradingView data shows whale long positions peaked at about 73,000 BTC in late December and have since started falling. Whales are considered the "smart money," and traders monitor their actions for clues about future price trends.

Commentator MartyParty wrote on X that "Bitfinex whales are aggressively closing $BTC longs, a signal that historically precedes massive volatility," noting that a similar unwind in early 2025 coincided with BTC stalling at $74,000. Using the Wyckoff method, the analysis said a "spring" bottom should come next before a major reversal, and that a comparable fractal from current consolidation near $91,500 would "target $135k+."

Onchain analytics platform CryptoQuant shows whale holdings fell by around 220,000 BTC in 2025 while smaller investor classes increased exposure; contributor CryptoZeno said this points to a "maturing market cycle." CryptoQuant has also argued against claims that whales were accumulating BTC around $90,000. This article does not contain investment advice or recommendations.

Key Topics

Crypto, Bitfinex, Bitcoin, Bitcoin Whales, Wyckoff Spring, Cryptoquant