2022/5/10 LFG, small whales and medium whales sold BTC
2022/5/10 LFG , small whales and medium whales sold BTC
LFG BTC Balance:
5/8 80400 BTC :
https://upload.cc/i1/2022/05/10/Y0ZQsd.png
5/9 28200 BTC:
https://upload.cc/i1/2022/05/10/5KzCof.png
5/10 0 BTC:
https://upload.cc/i1/2022/05/10/TzrqL1.png
BITSTAMP:BTCUSD
COINBASE:ETHUSD
Huge Exchange inflow: A competition among whales (Huge, Medium, and Small whales), small and medium whales sold BTC .
It means that market will be under pressure in the shot-term .
However, who bought the BTC when retail investors were shrouded in extreme fear?
The data indicate Top 69 BTC huge whales (Hold at least 10000 BTC ) only net-sold 537 BTC during 5/6~5/9.
But, Luna Foundation Guard ( LFG ) transferred 42530 BTC out of wallet, and some BTC flowed into exchange today (5/10).
On the other hand, the Fear & Greed Index hits 10 today (Extreme fear).
For a long-term, it would be a good time to build the position in the recent (buy in batches).
The chart shows that there are only 4 good times (2020/3, 2021/5, 2022/1, 2022/5 Now) to buy BTCÐ in the past 3 years (Pic. 3).
https://upload.cc/i1/2022/05/10/k6HLF5.png
Good luck and Enjoy the market!
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Analyst of cryptocurrency Yu-Shiuan Chen (CryptoQuant & Tradingview Taiwan)
