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 :
upload.cc/i1/2022/05/10/Y0ZQsd.png
5/9 28200 BTC:
upload.cc/i1/2022/05/10/5KzCof.png
5/10 0 BTC:
upload.cc/i1/2022/05/10/TzrqL1.png
BTCUSD
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).
upload.cc/i1/2022/05/10/k6HLF5.png
Good luck and Enjoy the market!
------------------------
Analyst of cryptocurrency Yu-Shiuan Chen (CryptoQuant & Tradingview Taiwan)
LFG BTC Balance:
5/8 80400 BTC :
upload.cc/i1/2022/05/10/Y0ZQsd.png
5/9 28200 BTC:
upload.cc/i1/2022/05/10/5KzCof.png
5/10 0 BTC:
upload.cc/i1/2022/05/10/TzrqL1.png
BTCUSDETHUSDHuge 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).
upload.cc/i1/2022/05/10/k6HLF5.png
Good luck and Enjoy the market!
------------------------
Analyst of cryptocurrency Yu-Shiuan Chen (CryptoQuant & Tradingview Taiwan)
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.