Whale Closes Up Ethereum Long To Secure Profits  

Whale activities since last year sparked an uproar on social media, especially Twitter. Not surprising since handles like Whale Alert shares some interesting details about massive holders of crypto through the platform. The crypto space are already witnessing some unusual asset movement which could signify that whale transfers.

Also, Bitfinex continually speaks on its Ethereum market known as the long through the same platform. The firm also shared some inside information like the longs that still in its market. 2020 saw some massive inflow of longs which could suggest the increased demand in Ethereum. Presently, ETH is one of the largest cryptocurrencies in the world which makes it an easy option for retail and heavy buyers.

Large inflow of longs led to closure
The influx brought some controversies, where some claimed that the figures were false. At the end, analysts explained that the statistics were true and encouraged new investments. A whale created the long opening which the firm eventually shared its feed to its Twitter followers. Not long after its opening, the whale started closing the position. The position which is worth almost $2 billion on the exchange faces the closure in current times which is linked to the term ‘claim’.