Hello.
This is an indicator I don't use too often.
It catches whale buying and selling.
Whalemap.
But in this case, I found something interesting.
Big altcoin buy level at about ~175B with a retest.
And a bounce.
The boldness of the green line and the magnitude of the dot
radius show that this is a very large volume.
I think that's a pretty strong argument that the alts have passed
the bottom of the market.
They may not necessarily rise rapidly right away.
But they've already pushed off and consolidated.
The market bottom has been there.
However, there are a lot of other faithers like bitcoin dominance,
USDT dominance. And the Fed's base rate.
Follow the volume.
This is an indicator I don't use too often.
It catches whale buying and selling.
Whalemap.
But in this case, I found something interesting.
Big altcoin buy level at about ~175B with a retest.
And a bounce.
The boldness of the green line and the magnitude of the dot
radius show that this is a very large volume.
I think that's a pretty strong argument that the alts have passed
the bottom of the market.
They may not necessarily rise rapidly right away.
But they've already pushed off and consolidated.
The market bottom has been there.
However, there are a lot of other faithers like bitcoin dominance,
USDT dominance. And the Fed's base rate.
Follow the volume.
Note
With the renko chart turned on, the point moves to April 2025.
So it all started just last month.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.