During the last 7 days, the Top100 Bitcoin addresses have bought a total of 219304 BTC and have sold 41123 BTC.
This buying volume has only been seen once since I analyzed these whales' movements and it was just 10 days ago.
The SALES volume has increased a little too, although it is still very far compared to the BUYING volume, we are talking about a fifth of the volume purchased.
Again, I don't know if this is the bottom, it is possible that we have one last drop to $13,000 but on the other hand, in all the previous cycles of BITCOIN never before has its retracement gone below the previous ATH...
Although if this cycle has taught us something, it is that the statistics, projections and theories are there to break them and if the forecasts of seeing BTC above $100,000 have not been fulfilled, then why would not BTC correct below the previous ATH? (aka $19,300)?
What is clear is that the whales consider the current level as a BUY, and there are some that even think that the BOTTOM is this:
(100000 BTC in 2 days)
As always, this is not Financial Advice and blah blah blah...
*Disclaimer: This is just my personal point of view, please, do your own assessment and act consequently. Neither this post nor myself is responsible for any of your profit/losses obtained as a result of this information.
