Bitfinex ETH/BTC Whale Indicator

About

The Bitfinex ETH/BTC Whale Indicator tracks the long positions of Bitfinex whales in ETH/BTC. This indicator can be used to judge the relative strength of future ETH to BTC exchange rates. When the indicator rises sharply, it indicates that there is active buying by major holders in ETH/BTC, and the subsequent exchange rate may bottom out. Conversely, when the indicator drops sharply, it indicates that there is active selling by major holders in ETH/BTC, and the subsequent exchange rate may reach a peak.