The Bitfinex whale who quietly increased his BTC holdings🐳 I don’t know if you remember that I once shared Bitfinex’s BTC whale indicator. Let me briefly review it for you: ➡️ Bitfinex is an established exchange with many crypto-native whale ➡️ Bitfinex whale often like to build positions on the left side, buying frantically when prices fall and selling frantically when prices rise. Around the end of July, Bitfinex whale seem to be quietly increasing their positions again...👇: We search for "BTCUSDLONGS" on TradingView and get a chart. It shows the total BTC spot leverage holdings on Bitfinex. The indicator in the attached figure is Bitfinex Margin Long Size. It can be regarded as an "improved version of BTCUSDLONGS". It is to calculate the total scale of USD+USDT leveraged lending in the entire Bitfinex exchange. More sensitive and comprehensive than simple BTCUSDLONGS✅ As shown in the figure: ➡️ When the price falls, whale may not necessarily open a position; however, whale usually open a position when the price falls.➡️ After opening a position, as soon as there is a clear upward trend, they will slowly close their positions.➡️ In summary, their holdings often show an inverse relationship with the price. The latest opening and closing of BTC positions by Bitfinex's whale. Appeared at the end of 2024 when BTC peaked: it increased its position all the way to 74K, As the price resumed its upward trend, it gradually closed its positions to profit during this period of growth. Around late July of this year, the BTC whale on Bitfinex seemed to start selling again. The holdings began to rise slowly, and BTC did not fall immediately at the beginning of the position building. Instead, I did a "New High Stop Hunt" first (x.com/market_beggar/status/195...…）， The decline since August 14th has begun again, and during this period, most whale have maintained the pace of building positions. It is in line with the rules of its historical position building. If we insist on being precise, the current holdings of whale have not reached the previous high (red dotted line). If the price does not rise strongly next, but continues to fall, That may mean that there is still room for whale to build positions, provided that the market continues to fall. In short, perhaps the BTC whale on Bitfinex saw something, but there is no answer to this question; However, if its holdings rise to the red dotted area in the attached figure in the future, That may mean that BTC may have a chance to usher in a wave of growth, although it is still some distance away. The above information is shared with you, I wonder what you think 🧐 // The above is today’s sharing, I hope it will be helpful to you 🫡 The Bitfinex Margin Long Size mentioned in the article is a paid indicator developed by @coinkarma_. Interested readers can visit their official website to check it out, where they can try it for free for 14 days. If you like it after using it, you can use my "invitation code in the comment area below" to register. Enjoy an additional 15% subscription extension✅

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