In such a panic period, the number of addresses holding more than 1,000 bitcoins increased by 36. Does it indicate the start of a bull market?

Hello everyone, today is July 8, 2024, and the market panic index has reached 28. The market is now in an extremely panic state. No matter whether it is new or old, no one is willing to take action now. The market is extremely lacking in liquidity and purchasing power.

And at this time, there is something worth pondering

According to the on-chain data, the number of whales holding more than 1,000 bitcoins increased by 36 yesterday. It should be noted here that this is not a simple increase of 36 addresses with 1,000 bitcoins, but more than 1,000, which means that there are other whales with 2,000, 3,000, and 10,000 bitcoins.

So, why do these whales choose to hoard a large number of coins at this time? Does it indicate the end of the wash? Is the difficult market about to usher in a turnaround?

According to the Bitcoin K-line chart

After two consecutive declines, and with the actions of the whales at this time, can it be considered that the market is about to usher in a wave of increases? If this batch of funds rushes into the market, will the problems of insufficient liquidity and purchasing power be solved?

Even if it does not come in the next two days, it can also show that the big funds in the market have made sufficient preparations.

At the same time, I will reveal to you a virtual coin that is very worth investing in recently, GFT.

Whether it is a virtual coin or any other coin, you should understand that the coin that can make money is a good coin.

This coin has not followed the market at present, and the current price has reached the bottom. In other words, their dealers are waiting for a wave of opportunities, and they can pass this coin after this rise. It is estimated that there will be 3-5% of income (guaranteed).

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The details will be explained to you in the next issue.