These last 7 days have been spectacular, well, in fact, it has not been as spectacular as in previous weeks, but important enough to say that the BTC whales may also suffer from FOMO.
In fact, during these last 7 days the Top100 BTC addresses have added a total of 161,000 BTC bought and sold a total of 22,000 BTC, which indicates a high buying pressure in their hands. The weekly BOUGHT vs SOLD ratio is 7 to 1 today.
It must be said that, since I have observed the behavior of these whales, I have never seen a ratio less than 1, in fact since September of last year, it has rarely been the time that this ratio has been less than 3 to 1.
The purchase motivation of these whales is still unknown to me, but I have the conviction that their power moves the market, in addition, observation tells me that these whales are comfortable and begin to buy more strongly after BTC reaches the band around 38000 BTC.
The question is whether they are doing it with FOMO or are they just going to end up selling their bags on the way to the top of BTC.
As I have posted in the past, on the way up there is a transition point, STRONG HANDS (WHALES) stop buying and begin Selling while WEAK HANDS (RETAILERS) start buying in FOMO. This is the interface between Accumulation and distribution
That is the moment in which the price "flies" catapulted to the top and anticipates a fall in the short/medium term... the detection of that moment is an art that few are able to glimpse
At the moment, what I expect from these whales is that they maintain a BOUGHT/SOLD Ratio in uptrend, at the moment on which the uptrend stops, BTC will fly but it will also be the most dangerous moment.
Unless these whales also suffer from FOMO like the rest of humans...
@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 of any of your profit/losses obtained as a result of this information.
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