Whales and Sharks Finally Showing Legitimate Signs of Profit Taking
🐳 Over the long-term, Bitcoin prices are correlated closely with the behavior of whales and sharks (specifically wallets with 10+ $BTC). Since last week, these key stakeholders have dumped ~6,813 coins, the largest drop since last July. Look for accumulation from this group as a signal that market-wide prices are about to move back in the right direction.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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