Are Bitfinex whale bullish on the market outlook? Whale have resumed accumulating leveraged positions, but liquidity indicators suggest a short-term correction is still possible. CoinKarma observed that Bitfinex whales had resumed accumulating leveraged positions in early August. A review shows that when Bitfinex whales begin accumulating leveraged positions, this is often followed by a surge in the market. In this context, CoinKarma's proprietary liquidity indicator can be used to identify opportunities for buy the dips and/or increased positions at relatively low points. ✳️ Bitfinex BTCUSD LONGS: Total BTC spot leverage position on Bitfinex (in coin-based terms). ✳️ Overall LIQ: A liquidity indicator weighted for the overall market. As shown in the figure, when the Bitfinex whale begins to accumulate leverage positions, there is a high probability that the market will have a subsequent upward trend (white line); in the short term, if Overall LIQ shows green columns or turns positive (green box), it usually represents a suitable opportunity to buy the buy the dips/increase positions in batches. Currently, after Friday's market rebound, Overall LIQ shows strong short-term selling pressure, while the accumulation of Bitfinex whale leverage positions also shows signs of slowing. Overall, $BTC still faces short-term correction needs. Want to seize instant trading opportunities? Join our 14-day free trial 👉 coinkarma.pse.is/7wsxnl