What are the whales doing this week?

As @acesontop required me in his post yesterday, maybe it's a good time to see what the BITCOIN whales do with our destinations.
Honestly, I have not detected anything remarkable in the behavior of the Top100 Whales on BITCOIN during the last weeks of my observation.
Whales continue to accumulate, although in a more timid way perhaps. The ratio value between BTC Bought and BTC Sold remains sustained at around 2.7, that is, for each BTC that is sold these whales buy 2.7

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What perhaps is worth mentioning is that of those addresses that are active within the Top100, remember that only about a quarter of them are active, the number of addresses that it sells tends to increase from mid-February while the number of addresses that buy is in decline.

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This, although as I have already said, they continue to accumulate more than distributing, seems to reflect more the behavior of the price of BTC, I mean, maybe it is not so important HOW MUCH is sold or bought but HOW MANY of them are selling or buying.

It is something that I want to continue to watch because it can be a good indicator.
I believe It is very possible that the nature of the ACTIVITY is more related to the price than I imagined and not so much to the QUANTITY distributed or accumulated.


@toofasteddie

*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.

Posted Using LeoFinance Beta



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3 comments
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Thanks for the report. It has confirmed my intuition.

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So the whales are just manipulating prices to scoop up more BTC. I guess the dumb people who are selling might be sad in the future.

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