Unmotivated Whales towards current price action

avatar

The whales do not seem interested in this price level.
We have been ranging between $30,750 and $28,800 for 13 days, a fairly long interval in which very little has happened, however, for some traders this predictable price action is a good opportunity to get the most out of day-trading.
This does not seem to be the case for the BTC Whales, the activity among the top100 BTC Wallets is decreasing and it seems that many have gone into hibernation mode during these last days.

image.png

It is also noticeable in the amount or volume that these whales used to swallow, we still have a proportion of BTC bought twice as high as sold, but the amounts are decreasing on the buyers' side while on the sellers' side it increases little by little...

image.png

This does not portend an end to the Bear Trend anytime soon, there does not seem to be much interest in accumulating at this price level and perhaps these whales are waiting to buy lower, possibly towards $20,000.

It seems that the agony is going to last a little longer...


@toofasteddie

*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.

Posted Using LeoFinance Beta



0
0
0.000
9 comments
avatar

Do you know the legal name of @themarkymark ???? It is needed to contact his local police station. Any information to his whereabouts would be much appreciated.

0
0
0.000
avatar

It seems that the agony is going to last a little longer...

It is looking more that way, we might have to experience dips than where we are now. Am not expecting Bitcoin to drop below 20K though maybe 23k.

Posted Using LeoFinance Beta

0
0
0.000
avatar

The issue of Bitcoin now has become complicated. The problem is not the rise or fall of its value, but rather there are levels such as $60,000 that are difficult to reach at the present time, when it was at this value and everyone wanted to buy it. I think people will turn to hive investment regarding BTC value, it's logical

0
0
0.000
avatar

I think we will drop down further because the traders will only hold for so long before reloading at a lower price. This will happen if the buyers don't show any motivation.

Posted Using LeoFinance Beta

0
0
0.000
avatar

Exactly, that's the main reason, looking for areas of interest

0
0
0.000