It seems that the BITCOIN whales have decided to stop accumulating this week.
Apparently, they have been "quiet" for a while, maintaining a fairly similar volume of BTC purchases and sales, in fact, we should think that the uncertainty in the markets is so high that not even these powerful entities are capable of risking a $ in betting today that BTC leaves the BEAR Market soon.
Obviously, this is just my personal "reading" when seeing the activity of these wallets that represent the top100 Richest ones on BTC, but the truth is that, if a few weeks ago we saw a high volume of transactions, lately what we see it's the opposite.
However, there are still more BTC that these entities accumulate than the BTC that these entities distribute, but the amounts are small:
- Weekly BTC Inflow: 12990 BTC
- Weekly BTC Outflow: 8891 BTC
To have a reference, at the beginning of June of this same year, the values were the following:
- Weekly BTC Inflow (Jun 2022): 220776 BTC
- Weekly BTC Outflow (Jun 2022): 47615 BTC
I have no explanation for today's dump started at the opening of the Asian market, there is nothing related to the stocks, which is quite rare, but it does not seem that any of these big wallets have activated their "sell trigger"... which, at first glance, is not bad at all IMO, this would mean that at least they are not panic selling huge amounts of BTC that would lead us to disaster...(I have always had a positive attitude in front of this). Rather it seems that they have reached the limit of their patience for a week or maybe, they also needed a deserved vacation from the markets (LoL)...
Will see, in the meantime, I'm doing what I think is the best, DCAing...
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If I were a BTC whale I would be on an endless vacation
I'm sure they are, but they have some slaves to do the work for sure 😂
BTC whales are enjoying the good life at the moment and I'm surprised they're not selling more actually. Time to DCA all the way ;)
!LUV
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Agree with you, it's really weird
!LUV
@toofasteddie(1/3) gave you LUV.
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Me parece que la poca interes que hay ultimamente en bitcoin esta relacionado con el aumento del dolar y su correlacion inversa.
No se si leiste mi ultimo post.
Los grandes inversores saben que cuanto mas fuerte se hace el dolar mas cae bitcoin ultimamente, ya tienen los bitcoin que quieren y van a comprar mas solo si el precio baja.
Muchos grandes inversores estan esperando a ver que pasa con la guerra de bonos y de divisas que hay en los mercados y estan esperando para que lado se inclina la balanza.
Te saludo, lastima que dejaste de votarme
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Yeah again a sudden dump has ruined the market. Don't know big whales are behind it or not
Obviously they deserve to be on vacation,guess you know what it means to be a whale in BTC.
Yay! 🤗
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