1h ago
Bitfinex Whales Cut Long Positions as Bitcoin ETF Flows Swing in Early 2026
In early January 2026, Bitfinex margin whales began trimming long Bitcoin positions while U.S. spot ETF flows showed sharp swings between inflows and outflows. Longs on Bitfinex recently peaked around 72,700 BTC before starting to roll over, as ETF data revealed a +$471 million net inflow on 2 January followed by about -$1.1 billion in outflows from 5 to 7 January. Analysts are weighing whether this combination signals a constructive reset for Bitcoin or the onset of a deeper correction over the next six weeks.