Whale Activity On the Decline as World Waits For Next US President!


🐳 With this week being headlined by the US announcing the results of a particularly polarizing election (to say the least), crypto traders are 'expecting the unexpected'. This is particularly true with Bitcoin's whales, which have been showing declining amounts of transfers since last week's sudden spike near the top.

📊 Look for these spikes in whale BTC transactions as generally reliable signs of potential price reversals for all of cryptocurrency.

⏳Passivity from whales does not necessitate that prices will go down, as this is a common misconception. Instead, it usually indicates they are awaiting the crowd's reaction to an event and awaiting the volatility that smaller traders create before they join the party.

Thanks for reading!

If you enjoyed this insight please leave a like, join discussion in the comments and share it with your friends!

0

Conversations (0)

No comments yet
Be the first to comment