Bitfinex whale who previously bought the bottom and sold the top and recently pulled 1000+ BTC worth of buy limit orders has now replaced buy orders worth 2000+ BTC at 36,600-37,900

Bitfinex whale who previously bought the bottom and sold the top and recently pulled 1000+ BTC worth of buy limit orders has now replaced buy orders worth 2000+ BTC at 36,600-37,900.

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. If price pierces through the colour it means the order has been filled, however orders can also be removed in which case the colour will disappear before price touches it.

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 had successfully rebought between 43.8k-40k. He also had 2 limit orders from 36,700-37,900 & a previous unfilled order from 34,500-33,300, both totalling 500 BTC each, these orders were previously pulled. However now this whale has decided he wants to re enter the market and has added a 2,000+ BTC position from 36,600-37,900. So clearly he believes these are cheap prices to get some coins. This type of orders are referred to as 'Iceberg orders'.

For link to previous posts of this whales orders please visit my profile all the old posts are there.

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https://preview.redd.it/p36o4jq74ax81.png?1844&format=png&auto=webp&s=ee27668db8a2699871ed9ff92cd82154ac7ff93a