๐จ๐จA Huge Signal in Bitcoin! Whales Aren't Selling, Is the Bull Run Just Beginning?๐คฏ๐
Despite the recent recovery in Bitcoin's price, on-chain data points to a rather striking picture. ๐๐
๐งต Details here:
1๏ธโฃ Whale Movement Alarm is Ceasing
According to CryptoQuant ratios, while the $BTC price is rising, the amount of Bitcoin distributed to whales' exchanges is decreasing instead of increasing. โก๏ธ This indicates that large companies are not playing a role in the sell-off.
2๏ธโฃ What does this mean historically?
In the past, the intense transfer of BTC to whale exchanges often signaled sharp declines. However, the situation has now reversed. โ๐
3๏ธโฃ What does CoinDream's analysis say?
According to CoinDream, which shared the analysis, this data indicates that aggressive profit-taking is on the agenda.
In other words, the decline is progressing on a more solid ground rather than due to panic or short-term speculation.
4๏ธโฃ Why is this important?
โ๏ธ Limited selling pressure
โ๏ธ More balanced market structure
โ๏ธ More โhealthyโ uptrend
โ๏ธ Large players retain their roles
5๏ธโฃ In summary:
The whales' distance from exchanges is being read as a strong on-chain signal that the Bitcoin recovery is not yet over. ๐ง ๐
โ ๏ธThis is not investment advice.
On-chain data reflects market sentiment and does not provide definitive directional flexibility.
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