"Boring" $BTC whale bubbles update:
- BTC has been in the "sideways" regime since the big rejection at 93k
- However, more sideways = more seller exhaustion (which is good)
- Finally, we are not seeing much accumulation at current prices from whales (which is not good)
If you are not in our telegram channel we posted about 82k-85k looking like itβs not gonna hold there
(We do more frequent real time posts there)
You can find the link in the bio
BTC Update
Super boring BTC price action so far tbh
Last post stood up pretty well tho
Lets get some volatility soon
if we do start going down 84k will be the max pain taking out lots of leverage and making spot panic too
Will definitely be buying 84k if we get there
BTC is currently at whale support.
Risk reward defined quite well for longs in this area.
If we don't hold though, BTC might wanna check out the bottom of the range at $93,447.
BTC is currently at whale support.
Risk reward defined quite well for longs in this area.
If we don't hold though, BTC might wanna check out the bottom of the range at $93,447.
Last tweet marked the perfect bottom of the range bottom at $89,257.
We are now at the top of the range, getting rejected by the upper most whale level -- $106,593
If we ever start retesting supports below, $97,500 area is currently the strongest and is the one to look out for.
Last tweet marked the perfect bottom of the range bottom at $89,257.
We are now at the top of the range, getting rejected by the upper most whale level -- $106,593
If we ever start retesting supports below, $97,500 area is currently the strongest and is the one to look out for.
Whale bubbles update
The $94,000 level formed a double bottom with whale wallet accumulation on each touch.
In case we go down, there are now 2 levels providing support for us
- $98k
- $94k
During bull runs SOPR usually reaches values upwards of 3.35 at macro tops. We are no where near that right now.
Basically - current values for SOPR = HODL.
@BigPatinvesting we've noticed this pattern of whale accumulation = support/resistance back in 2020 (yeah whalemap is soon gonna be 5 years old) and since then, empirically, it just works. just go through our twitter history for examples