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Bitfinex ETH/BTC Whale Indicator [Benson]

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This indicator monitors the ETH/BTC position changes of the Bitfinex whales.
When the indicator is on an upward trend, it signifies that the whales are accumulating long positions in ETH/BTC.
Conversely, when the indicator drops sharply, it indicates that the whales are exiting their long positions in ETH/BTC.

Since 2017, the actions of Bitfinex whales have shown a significant correlation with the ETH/BTC exchange rate.
This is because the strength or weakness of ETH/BTC is strongly related to the altcoin season.

Using this indicator effectively can help you identify the cycles of the altcoin season and outperform most of the market participants.
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