It could be a good sign indeed...but...

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We have a week where the BTC Whales seem to have accumulated 14 times more BTC than they have sold...

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Yes gentlemen, 109000 BTC "BOUGHT" vs 7358 BTC "SOLD"
Nevertheless...
Analyzing which wallets have made these alleged BITCOIN purchases, you realize something "NEW"...
Essentially the Wallets that have "bought" the most BTC are:

ONLY ONE "VETERAN" has done some merit buying or adding BTC to his wallet... The other big positive movements detected are made by new whale wallets that have been created in the last few days...
There is no previous transaction history, totally new.
This means that there has been no trade, only movement... it could be that someone had managed to withdraw their BTC from their custodial wallets of centralized services, which is good if these BTC do not move anymore... although I doubt it.

In any case, this is not the signal I was expecting. What I hope is that the VETERAN WALLETS make their moves upwards so I can only say that, obviously, BEARS are still very strong until these veterans show more confidence.

Additionally, I am really curious to discover what these new 3 whales will do in the early future... will see.

@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

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12 comments
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We need more time to recover. Probably mid 2023 is when the trend will change.

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yes, I feel the same...good for us if the accumulation is our goal now

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Interesting. But if people have been accumulating more Bitcoin than they have sold, how can the price from the Bitcoin than drop that drastically like it's doing over the past few days? !LOL !CTP

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I think the central banks are behind that, they are shorting Bitcoin, I can not think of other powers that have that much fun powder.

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The trading volume is made mostly by retailers

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This data is so surprising to me. Hard to believe it.. but as you shared it so its must be a valid one

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As you mention, it is changing hands, some investors will have to sell, some Bitcoin miners will continue to sell and others will change, but it seems to me that only at the end of the year will we be able to say if we have already seen the floor in the price of bitcoin.

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