Take a look at the graphs that I put below, they are the number of BITCOIN addresses with accumulation >0.1 BTC up to >1000 BTC.
As you can see, the number of accounts with a smaller amount of BTC has been increasing continuously in recent weeks, while those with more than 100 or 1000 BTC are declining... still.
What does this tell us? Obviously the ones that drive the market are the large cetaceans and not the plankton, shrimps and minnows...
The large cetaceans are still distributing, making profits, distributing among the smaller fauna... they still have no reason to buy and move the market, but they will.
Looking at this graph gives the feeling that it is still going down and that to proclaim the start of the BULL market we need a change to flatten that curve, then a period of stagnation, and later a reaccumulation and shift in trend in the same curve.
The BITCOIN Halving is the reference milestone, something that will happen in 310 days, the flattening of the curve should begin in a few months from now, perhaps during the last quarter of 2023... then we could anticipate the expected start.
Keep DCAing.
I think the information is quite nice. It shows that the distribution of BTC across the network is increasing and that means there is less supply control by the whales.
Things are going to start heating up now... expecting anywhere up to $40K by year end... and then things will really start heating up in 2024!
This is encouraging as the distribution of the tokens gets more decentralized.
The way we see it is that first people got scared and then there was good news and big companies bought the market when it went down and now we are seeing the market slowly going up.
With all the news from blackrock etf, the Deutsche Bank, and the citadel i hope we see 31k btc again..
Thanks for sharing information.
Yay! 🤗
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