Whales dumped on us in early 2021, but now they are back...

in #bitcoin2 years ago (edited)

Wallets with balances greater than 10k bitcoin have started climbing dramatically again

It's been a while, but whales are finally starting to come back.

Check this out:

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(Source: https://twitter.com/rovercrc/status/1554526945760620544/photo/1)

They unloaded during the runup end of 2020 and early 2021, but they are back now.

They are roughly the same balance they were back in January of 2021.

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It is quite interesting how from previous #ATH and the daily #support created we have seen now an uptrend, not only on #btc but in all mayor #crypto.

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The FED's decision on increasing rates and the (momentary) weakness of the USD has now paved the way to the new resistance of the 28k. A #bearish #dollar means #bullish #assets or #safe heaven assets.
These next days will decide if we go to 28k, first we need to hold at the $22,6xx area, if it breaks we will test the $21,7XX area.

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