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Carl Runefelt highlights that Bitfinex whales are dramatically increasing their long positions in ETH.
The tweet points to a parabolic growth in these positions and raises questions about the factors driving such bullish behavior among large holders.
Runefelt has addressed crypto market actions in previous commentary. He has criticized a proposal to freeze BTC, warning such measures could undermine trust in cryptocurrencies. In another post, he compared SpaceX's $2.95 trillion valuation to Microsoft, noting company revenue differences.