Bitcoin whales are moving again, what are they seeing that we don’t?
Major Bitcoin bearers have recently been exposed to more than 20% losses despite severe market corrections.
At the time of writing, it is more than 101,000 dollars, after two days ago it hugged 99,600 dollars, from 109,000 dollars before.
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According to CrypopQoquity data, 29,600 bitcoins have been added to wallets in the last seven days.
The combined balance of these fishing networks rose from 3.436 million to 3.504 million dollars. This marks the first major stock level since September.
The data indicates that large entities, which are typically not buying institutions and first whales, do not run away. Their actions are closely related to the retail output that has changed due to fear of heavy liquidation and FPPs.
The color scheme was destroyed by more than 1 billion dollars last week. US Kentucky ETFS have seen more than 2 billion redemptions, according to recent market data.
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Such “smart money” stocks and retail caution have historically been marked by more wage corrections than new downdrafts.
By quadrupling the weekly mining supply, $100,000 is creating liquid supply in the exchange while renovating and improving support zones.
The stock also comes on the macro head. The importance of the Federal Reserve has been fueled by the amount of cut-off assets in demand for regulated resources, contributing to the recent decline in bitcoin.
However, these conditions have also created innovations – it seems that there are many defaults.
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Technical indicators show Bitcoin to consolidate between $100,000 and $107,000, the index of fear and greed will sit deep in the “very heavy fear” zone.
Historically, when large stocks increase exposure during periods of high volatility, price recovery often follows weeks later.
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Still, it will be a nearby playground. The criminal flow of institutions and the sense of close origin, the growing noises of the market chopstick can last before any time again.
If the US action continues, however, it could form the basis for a recovery to $115,000-$120,000.
It is clear that the promotion is with the fish of the week. While short-term traders live in fear, long-term carriers look for the next leg.
Even if it is not yet taken for continuous accumulation, it is careful that the structural trend of the market continues.
