In a surprising move on March 25th, 2023, Bitfinex whales closed long positions of about 12,000 BTC, marking the largest change seen since June of the previous year. This sudden action has sparked speculation in the cryptocurrency market, with many wondering what the whales’ motives may be and what impact this move could have on the broader market. https://twitter.com/WuBlockchain/status/1639661706925457409 Cost of Position and Market Impact Based on current BTC prices, the cost of this position…