Large whales mildly distributing in 2024
Large whales started 2024 distributing more than accumulating (ratio > 1)
During 2023 when that happened while BTC was moving up strongly it ended in a correction.
Currently we are only consolidating. So it’s not necessarily too bearish yet.
If we enter green that’s usually a great time to accumulate (mimicking the large whales tends to work out well most of the time)
During 2023 when that happened while BTC was moving up strongly it ended in a correction.
Currently we are only consolidating. So it’s not necessarily too bearish yet.
If we enter green that’s usually a great time to accumulate (mimicking the large whales tends to work out well most of the time)
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