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Whales accumulation is back on track, whales have been a very good indicator to a pre-pump each time after buying this year. Have a look out…

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Whales accumulation is back on track, whales have been a very good indicator to a pre-pump each time after buying this year. Have a look out…

As we continue our stallmate right now at the Crypto market with prices continuing to crab at the $26k range and us entering a vital part of Crypto history. A part which will possibly define the whole decade going forward, with Spot ETF approvals, regulatory uncertainties and the SEC struggling to win over Crypto. The next months will be one of the most important and there is no way to know which way we may go even now…

Well, it is technically right that we can never predict the markets, no matter how many flashy TA lines we may draw on the charts. But there are indeed some good ways to speculate, one of them is to closely follow the actions of the most powerful entities in Crypto: Whales.

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It you can't see the picture, please use this link: https://imgur.com/a/OHMP6Yr

Here above we can see a weird chart that shows the activity of different kinds of investment groups while accumulating BTC. The first line stands for Whales, meaning entities that hold over 100k BTC and the other lines can be summed up as retail, with 0-100k BTC holdings (the upper range is too much for retail, but for simplicity reasons we will include it anyway).

Just recently we have seen a return of whales to accumulation after a long period of them just sitting on the sidelines. The interesting thing with Whales is that they never accumulate during market tops, but only during a downtrend or even build-up to a pump.

This is also a sign for this time around, whales being back in accumulation mode shows that at least for them the market seems to have or is making the bottom right now. Let's see how well their bet is this time too…

submitted by /u/partymsl
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