We are experiencing a sort of little change of trend on the activity of the top 100 Richest addresses on BTC. They are maintaining their buying operations and reducing a little bit their sells during the past 7 days.
As you can see in the charts below, the Top100 have sold a total of 38000 BTC during the last 7 days while the amount bought has been 68000 BTC.
The weekly ratio BOUGHT vs SOLD has slightly improved passing from 1.5 to 1.8 which I believe is supporting the idea of a change on the trend somehow.
Collecting the monthly data, the difference between the BTC bought and sold is still under negative trend, obviously, in order to detect a change on a Market trend, this chart is lagging in time and, of course, it is not very useful in order to react. Currently, the Monthly BOUGHT vs SOLD ratio is 4:1, which is OK but remember that just 1 month ago, the ratio was about 30:1
The following is a chart of the 30 days Bought/Sold ratio, taking the data in a weekly manner not monthly...
To conclude, the weekly trend on the behaviour of the top100 BITCOIN addresses indicates a slight tendency to increase purchases ==> BULLISH SIGN, while the monthly ratio still does not obviously reflect this trend.
*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.
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They're playing with retail to grab more cheap BTC. They know it's the future.
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Most likely, yes
Is it fair to say the top 100 addresses are mainly Exchange wallet addresses? (and Satoshi of Course)
Look, we could identify BINANCE as the Top1 and there are other exchange wallets identified as well, but, for instance, the 3rd Wallet is totally anonymous and seems to be the most active one...
Interesting