Still bearish in the short term.
This whale dumping indicator hit a year-high since the March great sell-off last year. Whales keep depositing $BTC into exchanges.
If this is an orchestrated effort, it will go down again. If not, we may retest the bottom again at least.
I have specific alerts setup on @cryptoquant_com to see $BTC buying pressure alerts:
1. BTC Stablecoins Ratio USD < 15
2. All Stablecoins Transaction Count Inflow for All Exchanges > 100
3. Taker Sell Volume > 250000000 (250M)
Set alerts 👉 https://t.co/cq974KlrSp
$BTC Exchange Whale Ratio(72h MA) indicator often helps to see we're in the bull/bear market.
If this indicator is ranging 85%-90%, the market is likely to be a fake bull/bear. If it keeps below 85%, it's likely to be a bull market.
See Details👉 https://t.co/8uxyhOpZ4u
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