These price levels are starting to be interesting for whales, we are seeing it in the recent activity of the Top100 Richest BTC Addresses. They are waking up and their only objective is... TO BUY!
Many of these whales have been dozing for the last few months without activity, in torpor mode like bears in winter. Today they come out of their burrows to eat every last berry that this strange spring is leaving behind.
Below you can see the number of active addresses of these top100 who are buying and those who are selling... it's spectacular, isn't it?
And I think we are seeing BTC dancing at the price levels that every buyer would like to see...
My projection explained in this post from 8 days ago predicted a price floor around $29,000, we are not far away but be clear that these levels around $30,000 are once again high accumulation levels for the smartest.
The weekly chart of BTC Bought versus BTC Sold says it all too:
- BTC Bought these last 7 days: 108000 BTC
- BTC Sold last 7 days: 11800 BTC
The ratio is 9 to 1, that is, accumulation.
I don't know what you will do but the most rational thing is to continue doing DCA with BTC and maybe buy those tokens/projects with more potential according to your point of view at a discount. In my case, I am accumulating POLKADOT and RUNE... LUNA is appealing but I still don't see its long-term investment clearly, perhaps it should fall a little more so that I could enter strongly...
*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.
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I'm still waiting for that 20k bitcoin
Perhaps we will never visit that level...
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Seeing these developments until now I'm even confused what to do
I have a feeling that the price of Bitcoin will attend70,000 dollars before end of the year, I will remember this article very well. The more it has a sharp decline, the more it was rising in following months
I hear you
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Les queda aun 1-2 banquetes + de krill
Bitcoin could see its second closing low in a year if the whales don't move, which is not a good sign. There is a trend for emerging currencies to create decentralized communication platforms that are an effective way to ensure credibility
The smart whales don't care whether it's 29k or 32k. For them this is cheap BTC and they won't waste the chance of scooping some.
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Those whales are always accumulating more BTC and it looks like there is a lot more buying than selling. So I think they aren't interested in selling at all and most of them just holding.
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At least 30% of the top100 keep "playing" with the market
Market manipulation at its finest but that is the crypto market without any rules.
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DCA is the way.
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Agreed, I think this is the price action that wakes the whales and the cash sitting on the sidelines.
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The party has started!
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