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Bitfinex whale has now filled 1,600 coin bids between 44-40k after successfully filling asks from 45-48k.

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by COINS NEWS 146 Views

Bitfinex whale has now filled 1,600 coin bids between 44-40k after successfully filling asks from 45-48k.

Link to previous posts will be in the comments.

This is a visual orderbook and shows where resting (limit) orders are, the brighter the white the higher value the order is, the more blue to colour the lower the blue.
As most of you will know most of the 'whales' trade on bitfinex, and this specific pictures I've sent are from the bitfinex orderbooks. The same whale who purchased over 1600 coins from the prices between 37.5k down to 34.5 has taken profit from 45k-48k and has now successfully rebought between 43.8k-40k. This type of orders are referred to as 'Iceberg orders'

While this does not mean that the market is going to pump immediately because 1 big player is buying, I am just sharing this information as I know a lot of people on this sub always go on about 'whale manipulation' so instead of speculating about what whales do using TA, here you can see what they're actually doing.

https://preview.redd.it/zqqkv1btxrt81.png?1941&format=png&auto=webp&s=e0bf52ce9e16245b2c9c3b617f4d93548e8c8fc7

submitted by /u/cryptodra
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