I'm starting to worry about what I see looking at the activity of the TOP 100 Richest BTC addresses, lately.
Although a few continue to buy and the weekly BTC Bought versus BTC Sold ratio remains positive (they buy 2.4 BTC for every BTC they sell), the interest in buying is clearly on the decline.
The interesting level at which the whales saw the future in the price and therefore bought massively was around $44,000 where the weekly ratio of BTC Bought vs BTC Sold was 20:1
Once we lost support there, these whales have been losing interest and have been adding to the cautious current of the market.
In fact, BTC purchases have remained in volume, what has increased in volume is sales.
If 7 days ago, the volume of BTC sold was 20,000 BTC, during this week it has increased to 30,000 BTC, while the amount purchased by these whales in the same period of time has fallen by 10%.
Next important support is around $30,000, if we lose this level we can find ourselves in free fall to $20,000 at least...
I think a "turbulence" is obviously coming, I'm going to start to fasten my seatbelt more tightly lest the fall be deeper than expected...
@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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