CoinVoice recently learned that according to CryptoSlate, Bitcoin is still going through the consolidation phase of the cycle, stabilizing around the $57,000 mark. It is worth noting that Bitfinex whales have significantly increased their long positions and currently hold 58,595 Bitcoins. This marks that the group has increased its holdings by more than 10,000 BTC from the 48,455 BTC held on June 13 (when the Bitcoin price was $66,000).

Meanwhile, short positions have increased slightly since the market correction began on June 7, suggesting that market sentiment has become more cautious and traders are still considering shorting Bitcoin during this correction phase. [Original link]