BTC Whales in FULL-ACCUMULATION mode
Whales have found a great accumulation opportunity at the current price level.
For example, just yesterday, one of them registered an input transaction of almost 95000 BITCOINS suddenly placing itself at number 5 of the Top100 Richest Wallets in BTC.
Over the last 7 days, these whales have bought a total of 206,539 BTC and sold "only" 18,254. This represents a BTC Bought versus BTC Sold ratio of 11 to 1.
The whales are in Full-Accumulation Mode and it is shown in the BITCOIN dominance chart that has risen 8% compared to its previous lowest value... obviously, rising 8% means that the dominance has passed 39% to 43% which is far from what BITCOIN was in the past.
Surely we will not see BITCOIN dominating the market above 50% share at least for a long time, so dominance change values between 3 and 10% are now good indicators of the market phase.
Remember, BTC goes up first, then Major ALTCOINS and then everything else...
I still think that this BULL Market is not over, as long as the big ones see it as attractive we will go up...
*Disclaimer: This is just my personal point of view, please, do your own assessment and act consequently. Neither this post nor myself is responsible of any of your profit/losses obtained as a result of this information.
Posted Using LeoFinance Beta
https://twitter.com/thecryptorunner/status/1488826296796913668
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The influence of bitcoin on the market will last for a long time, I think. These whales accumulating just indicates where they expect the market to go in a couple of months time
exactly
Isn't Saylor's avg. entry at 30k? They're gonna buy the heck ton around this price and below.
it may well be
Esto se va arriba pero ya!!
vamoooos!!!!
super cycle
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