Bitcoin price is experiencing corrections after reaching an all-time high last week, reflecting possible exhaustion of bullish strength.On-chain observations point to increased bullish activity on Bitfinex, indicating potential insight into short-term movement of the market.Alphractal analysis suggests an inverse relationship between BTC's price trajectory and leveraged long positions on Bitfinex.If Bitfinex Long Position continues to decline, Bitcoin could resume its upward trend, but an ascent above current levels may signal a pullback.