@NTSchain Had the same thesis since it's kind of obviously beneficial to them than dump. Thanks! Will keep an eye out for this one more thanks to you ๐ฏ๐ฏ
@crypto_failure_@OfficialZero_X Whales are suppressing the price to clear long leverage at the same time, scoop up spot tokens cheaply. That's why they pin it down. Monitor spot and futures net inflows divergence and you'll know when it will end.
@luke_beatty I checked, those transfers are most likely intermediary addresses to and from central exchanges. Though I agree this is a precursor for more volatility.
@0xNoxxx I spotted that massive injection of OI 2 days ago, price did not move an inch. So I entered long with them. Followed the trace, they planned to drive price higher then sell their spot tokens up, liquidate both long and short on the way up and down. Crazy mfs.
@0xNoxxx Last night, that OI increase in bitget is insane and check CVD at that moment too yet price stayed flat. Insane numbers. Somebody's cooking here.